Equity release up 10 per cent.
SHIP which is the industry trade body representing the UK equity release sector has announced figures for Q1 of 2012. Figures show that in the last 12 months equity release has increased by 10%.
In the first quarter of this year a total of £199.1 million in equity was advanced by SHIP members which was up 10% on the same quarter period in 2011.
This annual increase reveals home-owners confidence has increased and awareness of equity release improved. Andrea Rozario who is the director general of SHIP commented on the figures advising that they are encouraging and show the equity release market continues to grow steadily each year.
He added that 2012 is likely to be significant and exciting, with increased equity release levels show a growing appetite for UK equity release products.
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