How can equity release help the next generation climb the property ladder

Later life lending continues to grow; back in 2013 the market was writing just over £1 billion per year, now it’s over £1 billion per quarter. Comparing Q1 2020 to Q1 2021, the average loan amount is up 25% to £103,710, according to the latest Key Group Market Monitor. In Q1 2021 just over a fifth of all equity release loans were gifted. One of the main reasons for gifting was to help the next generation onto the property ladder with an average of £56,917 used towards a deposit for a house. Increased demand for mortgages, mainly driven by the stamp duty holiday, have been supported more than ever before with equity release. This webinar is a must attend for advisers who are wanting to grow their business further in 2021 using equity release. During the webinar Jason Ruse, Business Development Director at Key Group will be giving an overview of the housing market, the challenges your later life clients may have, the uses of equity release including helping the next generation climb the property ladder, the later life lending opportunities within your client base and support for growing these. This will include tools you have available at your fingertips to help your client conversations and efficiently embed equity release into your proposition and grow your business. Jason looks forward to seeing you there.