Equity release partial repayments jump nearly 50%
9 May 2023
The number of voluntary penalty-free partial repayments made by equity release customers soared 48% last year, according to the Equity Release Council. Its Spring 2023 Market Report showed more than 90,000 equity release customers reduced their loans by £102 million in 2022 by making 190,374 partial repayments through the year. The reduction in loans will...