Breakdown of agreed new equity release plans the United Kingdom (UK) 2016

This statistic illustrates the breakdown of total new equity release plans agreed in the United Kingdom (UK) from the first hal to the second half of 2016. Equity release plans are designed to allow homeowners to access some of the value of their property without the need to sell their house and move out. A lump sum equity release plan facilities a one-off payment, whilst a drawdown equity release plan enables a homeowner to receive an initial advance, alongside an agreed amount cash facility that can be used when required. It can be seen that the share of homeowners opting for a lump sum equity release plan increased by four percent during the period under observation.

Breakdown of new equity release plans agreed in the United Kingdom (UK) from 1st half 2016 to 2nd half 2016

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Source

Release date

March 2017

Region

United Kingdom

Survey time period

1st half to 2nd half 2016

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Statistics on "Mortgages in the United Kingdom (UK)"

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