The news reflects the mood in the wider market, with the Equity Release Council recently reporting a record start to the year of £325m of lending in Q1.
Dave Harris, managing director, said:
“For us, this is a tremendous achievement but more importantly we think this reflects the rude health of the industry as a whole and the potential for this market to grow and grow.
“We listen carefully to our customers – the advisers out there talking to clients about their retirement lending needs – and that means we are able to quickly deploy new support and features to match the mood of the market. For example, we have recently simplified and improved our enhanced lifetime mortgage proposition, increased our LTVs to the highest on the market and boosted our cash back deals. We deliver what our customers are asking for and we think that is reflected in the new business surge we are currently enjoying.”
