Laura Whitcombe

Record equity release figures mean we’re failing an ageing population

The Equity Release Council is rubbing its hands with glee this morning. Its latest figures reveal £393.9 million was lent over the first three months of the year, making it the best first quarter on record. But it seems to me that this is no cause for celebration.

Equity release – or a lifetime mortgage – is somewhat of an extreme form of secured borrowing.

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