Tag Result: drawdown
Total equity release lending rises 15% to £578m in Q2, driven by new customers
The total amount of equity release lending jumped 15% quarter-on-quarter to £578m in Q2, ...
Equity release lending falls to £504m due to fewer customers and drawdown use
Equity release lending contracted by 6% quarter-on-quarter to £504m during the first thre...
Equity release market on ‘gradual road to recovery’ with first uptick in 12 months
Rising customer numbers and total lending figures signalled a reprieve for the equity rele...
Alternative Bridging lowers rates on overdraft drawdown product
Alternative Bridging Corporation (ABC) has lowered the rates on its overdraft drawdown pro...
The history of equity release points to a bright future – Charles
The equity release industry has been on a long and winding road. Pre-Covid, the market was...
Lifetime mortgage customers borrowed for ‘aspirational reasons’ in H1 – Pure Retirement
Lifetime mortgage borrowers primarily released funds for aspirational purposes in the firs...
Hodge increases pension drawdown allowance on later life mortgages
Hodge has made changes to how much pension drawdown it will allow when calculating afforda...
Equity release lending more than halves YOY to £1.38bn – Key Market Monitor
Overall equity release lending in the first half of this year came to £1.38bn, down from ...
Higher rates cause ‘quietest’ equity release market since first Covid lockdown – ERC
The equity release sector saw a drop in activity during the first quarter of 2023, as the ...
Standard Life Home Finance enters partnership with St. James’s Place
Later life lender Standard Life Home Finance has agreed a partnership with St. James’s P...