Key Retirement comment on the Equity Release Council Q3 2015 market figures
27 October 2015
Key Retirement comments on another record set of figures for the market following the Equity Release Council figures for the third quarter of 2015.
Dean Mirfin, technical director at Key (www.keyadvice.co.uk), said:
"The figures announced today show that the sustained growth we have seen throughout 2015 shows little sign of wavering as we enter the final quarter of the year. With both HM Treasury and the regulator now throwing the spotlight on ways that consumers can better access and utilise wealth locked up in property, we expect this growth to continue in to 2016 and beyond.
"With the average amount released from properties so far this year approaching three times the average DC pension pot the need to utilise property wealth and the direct positive impact that it can have on retirement finances cannot be understated."
Key's quarterly Market Monitor, which will be issued next week, outlines in greater detail how retired homeowners are using property wealth to meet their retirement income and capital needs.
Anyone looking to release equity from their home can get Key's independent guide to equity release by calling 0800 531 6027 or visiting www.keyadvice.co.uk/equity-release/request-a-free-guide