The equity release market stumbled into an annus horribilis last year as new-plan sales fell by almost half amid Bank of England (BoE) base-rate spikes. There were just 26,119 agreed new plans, a tumble of 47% from 2022, according to the Equity Release Council (ERC), with the BoE lifting the interest rate no fewer
The equity release market stumbled into an annus horribilis last year as new-plan sales fell by almost half amid Bank of England (BoE) base-rate spikes. There were just 26,119 agreed new plans, a tumble of 47% from 2022, according to the Equity Release Council (ERC), with the BoE lifting the interest rate no fewer
