You are here: Home - News -

Equity release set for boom period

  • 18/11/2002
  • 0
Equity release will be an increasingly important part of retired peoples' income, according to The J...

Equity release will be an increasingly important part of retired peoples’ income, according to The Joseph Roundtree Foundation.

Its report, The Needs and Aspirations of Older People Living in General Housing, pointed out that home ownership among the retired is set to exceed 73% by 2011. The report states: ‘In 1995, just over three-fifths of households headed by someone of 65 and over were owner-occupied, compared with 46% in 1971.’

Jon King, chairman of Safe Home Income Plans, said: ‘You cannot hide the fact that by 2020, 40% of the population will be over 60. Combine that with the property-owning figures from the report and there will be a lot of people in their own homes. Many of these people will be able to get real benefit from the equity locked up in their homes.’

He added: ‘Brokers who are switched on to the market are already looking at equity release. This is a sector that is growing by demand, it is not product led, and brokers would do well if they investigated serving that demand.’


There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.

Read previous post:

The self-certification market ' traditional haven of the self-employed ' is maturing and expanding. ...