Specialist equity release and lifetime mortgage broker, KIS Finance, has seen enquiries for equity release increase by 110% when comparing the first half of 2019 to the first half of 2021.

The number of enquiries for equity release and lifetime mortgages was steady throughout 2019, then increased quickly during the second half of 2020 and throughout 2021 so far.

Holly Andrews, managing director at KIS Finance, and equity release adviser said:“It’s been very interesting to see how the enquiries for equity release have grown over the last couple of years, and especially during the last few months.

"The pandemic has clearly had an impact on many people’s income and significant numbers have turned to equity release as a way of accessing financial support for both themselves, and for family.

"36% of customers turned to equity release to support their income, and this includes people who are still working as well as those who are retired and receiving a pension."

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