This year celebrates my 40th year in the Financial Services Sector, 20th in the Equity Release Market and today the First completed year of my own business https://lnkd.in/eWCV2_P
I’ve seen a lot of change in the ER market over the years with Lifetime Mortgages taking over from Reversions as the most popular way for the over 55’s to release tax free cash from their property and along with this has come greater product innovation, which will continue as the market grows.
Significantly the market hit £1bn in 2014, and we saw a massive increase in people using equity release in 2018, with it reaching £4bn. The results of 2019 are looking to be around the same figure and the market is expecting to be near £7/8bn by 2021 according to some of the leading providers.
It’s been a good first year for us and with hard work, expected product innovation and continued demand from people over 55 to change their lives and have a better retirement, 2020 should be one to look forward to. 07546854119