Age breakdown of equity release plan customers in the UK 2017, by mortgage type

This statistic illustrates a breakdown of customer age for equity release plans in the United Kingdom (UK) as of the second half of 2017, by type of lifetime mortgage. Equity release plans are designed to allow homeowners to access some of the value of their property without the need to sell their house and move out. A lump sum equity release plan facilities a one-off payment, whilst a drawdown equity release plan enables a homeowner to receive an initial advance, alongside an agreed amount cash facility that can be used when required. It can be seen that the majority of customers for both lump sum and drawdown lifetime mortgages were in the age range of 65 to 74 years old at that time.