Equity Release Becoming Popular Retirement Fund Solution for Baby Boomers, say Bower Retirement Services

Released on: September 21, 2012, 11:34 am
Author: Bower Retirement Services
Industry: FinancialConsumer Services

Equity Release Council figures show equity release advances increased by 22% between Q2 2011 and Q2 2012

September 21, 2012, 11:34 am — /EPR NETWORK/ — The total value of equity release advances from April to June 2012 was £224.8 million, reported the Equity Release Council, an increase of 22% on the same period of 2011. Additionally, this amount represents the highest quarterly figure since 2009 (£231.7 million). Furthermore, the real number of plans grew by 16% between Q2 2011 and Q2 2012 showing interest in the market is up, along with actual value.