Stuart Wilson is corporate marketing director at more2life
The latest more2life data has revealed that the proportion of over-55s who have been using equity release to fund a property purchase has tripled from 5% in ‘normal’ market conditions to 15% since the outbreak of the pandemic.
This enhanced buyer appetite has primarily been fuelled by the Stamp Duty Land Tax (SDLT) holiday, which has caused one of the biggest upticks in property market activity in recent memory.
Key: £1bn released in property wealth over Q1