Homeowners borrowed a record £1.61 billion through equity release schemes in 2015, according to the latest figures from the Equity Release Council.
The trade body found that the lifetime mortgage market has doubled in size since 2011, and is now 33% larger than its pre-recession peak. Overall, lending was 16% higher than 2014.
Source Moneywise http://ift.tt/1PzDKtv
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