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Key Partnerships: 2018 Q3 Market Monitor

Retirement news for Financial Advisers and Paraplanners

9 Nov 2018

Key Partnerships: 2018 Q3 Market Monitor

The Q3 Market Monitor report from Key reveals continued strong growth in the equity release sector. The number of new plans is up 16% on 2017 and overall lending has increased by 25%.

Quick overview

In Q3 of 2018 there's been a total of 12,133 plans issued, totaling a record breaking £933.9 million of lending.  

Last quarter we saw changes in the popular uses of equity release, with home improvements continuing to soar in popularity as the primary driver for an equity release loan:

  • 66% - Home and/or garden improvements
  • 34% - Go on holiday
  • 30% - Pay debts (e.g. loans, credit cards)
  • 27% - Gifting to family or friends
  • 21% - Clear outstanding mortgage
  • 12% - Help with regular bills

Download Market Monitor >>

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