UK Equity Release Schemes market report
Everything you need to make the right decisions
Providing the most comprehensive and up-to-date information and analysis of the Equity Release Schemes market, and the behaviours, preferences and habits of the consumer.
Mintel has the answers you’re looking for
What are the key challenges facing the industry and how fast are its rates of growth? Who is the consumer and what do they want? Where are the opportunities, where are the risks and what lies ahead?
Products covered in this Report
This Report looks at the UK equity release market. This includes the size of the market and forecast for the next five years, discussion of the major factors driving the industry and the major players in the market. Mintel’s exclusive consumer research examines ownership of and intent to use equity release products to fund retirement, as well as debt levels, financial health in retirement and attitudes towards equity release.
For the purposes of this Report, Mintel has used the following definitions:
Equity release is a way of accessing the wealth tied up in a property without the need to move. With equity release, homeowners can either borrow against the value of their home (a lifetime mortgage) or sell all or part of it (using a home reversion plan) in return for a regular monthly income, a lump sum or the facility to get at equity as and when they like (drawdown) or a combination of these options.
As lifetime mortgages now account for more than 99% of equity release plans sold, the terms lifetime mortgage and equity release are used interchangeably throughout this Report.
To be eligible for equity release, homeowners must meet the following criteria:
- Be aged 55 or over (or 60+ for home reversion plans); for joint plans the youngest borrower must be at least 55
- Own their property outright, or in some instances, have a very small outstanding mortgage
- The property must be in England, Scotland or Wales, and valued at more than £70,000.
Expert analysis from a specialist in the field
Written by Sam Marks, a leading analyst in the Financial Services sector, his extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
The equity release market is undergoing a resurgence in popularity although this is yet to influence everyday consumer perceptions. New lifetime mortgage products provide the solution for many concerned with the cost of funding their retirement. Mainstream lenders are investing in this market to help people maintain their standard of living in retirement.
Financial Services Analyst
What you get
This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.
Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.
Mintel's proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.
Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
Market reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
* This is a sample representation of the report layout and does not reflect the research included in this report.
Why buy from us?
Our reports will provide you with market data, consumer research and competitive intelligence to succeed in your market.
Buy now and you'll have instant access to the information you need to make the right decisions.
Find out what's next in the markets that matter to you: where opportunities lie and what challenges you will face.
A business Superbrand, Mintel is a source you can trust. We have been defining and refining the Market Intelligence mix since 1972.