A total of 19,300 new and returning customers used equity release between July and September, which is close to pre-pandemic levels.
116% jump in the number of people using equity release to buy a property this year.
The number of borrowers releasing equity from their homes has neared pre-pandemic levels in the second quarter of this year.
Older homeowners releases £1.94 billion in equity during the first six months of the year.
The number of equity release products on the market has hit a new high of 769.
Home owners cashed in on rising house prices by releasing £1bn in equity during the first three months of this year.
The number of equity release products available on the market grew by 100 in the second half of 2020.
30% of remortgagers’ primary aim when remortgaging in February was to release equity from their property.
The Equity Release Council has announced the creation of a risk, policy and compliance team.