Posted on 12th August 2022
Market analysis by mortgage broker, Henry Dannell, shows that homeowners in the UK have already released up to £1.4billion of equity in their properties so far in 2022.
Also known as later life mortgages, over 12,500 of us have chosen to use some of the value of our property to reduce our bills, improve our quality of life, or help a family member. That’s an increase of more than 20% compared with the same period in 2021. The figure could reach 50,000 by the end of the year amounting to almost £5.6billion of equity.