In the first quarter of this year the number of over-55s turning to equity release products increased year on year but they took less cash out on average than previously.

Sales of equity release drawdown plans were said to be “rising strongly”, new data from over-55s adviser Key has revealed. 

Key Partnerships, the equity release referral service for Key, has been selected as one of SmartrRefer partners – Legal & General Mortgage Club’s referral platform for specialist providers.