1 | Data Tables | ||||
|---|---|---|---|---|---|
2 | Equity release data for over-55s sourced from Key Advice | ||||
3 | Loan to value based on the average sum of equity release as a proportion of the average overall value of property utilising equity release | ||||
4 | |||||
5 | Table shows the pandemic change in the average sum of equity being released in each area of the UK | ||||
6 | Location | Ave release - 2019 | Ave release - Q1 2022 | Ave release - Pandemic Change (2019 to 2022) | |
7 | London | £134,407 | £233,098 | 73.4% | |
8 | South West | £76,040 | £124,747 | 64.1% | |
9 | East of England | £65,409 | £101,760 | 55.6% | |
10 | South East | £88,102 | £136,321 | 54.7% | |
11 | West Midlands region | £63,777 | £95,598 | 49.9% | |
12 | Northern Ireland | £48,682 | £70,929 | 45.7% | |
13 | Scotland | £54,928 | £78,550 | 43.0% | |
14 | Wales | £58,838 | £83,704 | 42.3% | |
15 | North West | £57,115 | £79,607 | 39.4% | |
16 | Yorkshire and the Humber | £53,521 | £71,631 | 33.8% | |
17 | East Midlands | £60,525 | £78,272 | 29.3% | |
18 | North East | £54,772 | £59,593 | 8.8% | |
19 | United Kingdom | £75,631 | £111,511 | 47.4% | |
20 | |||||
21 | Table shows the pandemic change in the total average value of homes releasing equity each area of the UK | ||||
22 | Location | Ave property value - 2019 | Ave property value - Q1 2022 | Ave property value - Pandemic Change (2019 to 2022) | |
23 | London | £583,393 | £788,333 | 35.1% | |
24 | West Midlands region | £244,117 | £310,029 | 27.0% | |
25 | East of England | £276,009 | £350,310 | 26.9% | |
26 | Scotland | £198,724 | £248,728 | 25.2% | |
27 | Wales | £220,612 | £274,720 | 24.5% | |
28 | North West | £217,290 | £268,328 | 23.5% | |
29 | South West | £332,220 | £401,338 | 20.8% | |
30 | South East | £390,881 | £469,076 | 20.0% | |
31 | Northern Ireland | £185,305 | £214,164 | 15.6% | |
32 | Yorkshire and the Humber | £215,246 | £237,163 | 10.2% | |
33 | East Midlands | £247,652 | £267,714 | 8.1% | |
34 | North East | £200,043 | £193,243 | -3.4% | |
35 | United Kingdom | £316,576 | £373,493 | 18.0% | |
36 | |||||
37 | Table shows the pandemic change in the average equity release loan to value in each area of the UK | ||||
38 | Location | Ave LTV - 2019 | Ave LTV - Q1 2022 | Ave LTV - Pandemic Change (2019 to 2022) | |
39 | South West | 22.9% | 31.1% | 8.2% | |
40 | Northern Ireland | 26.3% | 33.1% | 6.8% | |
41 | London | 23.0% | 29.6% | 6.5% | |
42 | South East | 22.5% | 29.1% | 6.5% | |
43 | East of England | 23.7% | 29.0% | 5.4% | |
44 | Yorkshire and the Humber | 24.9% | 30.2% | 5.3% | |
45 | East Midlands | 24.4% | 29.2% | 4.8% | |
46 | West Midlands region | 26.1% | 30.8% | 4.7% | |
47 | Scotland | 27.6% | 31.6% | 3.9% | |
48 | Wales | 26.7% | 30.5% | 3.8% | |
49 | North East | 27.4% | 30.8% | 3.5% | |
50 | North West | 26.3% | 29.7% | 3.4% | |
51 | United Kingdom | 23.9% | 29.9% | 6.0% | |