Albany, NY -- (SBWIRE) -- 05/11/2018 -- A new business intelligence study titled "Equity Release Schemes - UK - May 2018" has been added to the vast repository of Market Research Hub (MRH). The market intelligence study offers in-depth analysis and insights on the key developments in this growing market. According to the research, the UK equity release schemes market is witnessing a resurgence, however, everyday consumer perceptions are yet to massively transformed as a result of this.

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According to the report, mainstream lenders are focusing on boosting their investment in this market to help people maintain their standards of living. The research study begins with an overview that introduces the readers to the scope of the study. The overview also informs readers about the key products covered in the market intelligence study. Information from Equity Release Council has also been offered for the perusal of the readers.

According to the study, equity release lending is up by nearly 42%, with Legal and General leads remaining a highly congested and fragmented marketplace. The report also found that the above-the-line expenditure witnessed an increase of nearly 84% in 2017. The report offers analysis on the total above-the-line, direct mail advertising, and online display expenditure after studying the historical trends in the market for the period 2013-2017.

The report also includes a detailed consumer analysis, according to which only 2% of consumers in the UK use or expect to use equity releases. Mortgages continue to be the most common form of debt for consumers in the UK. There is positivity and confidence among UK consumers that they will be in sound financial condition by the time they are in retirement. Nearly 10% of the consumers in the UK are likely to consider an equity release.

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According to the study, rising house prices are being viewed as a short-term boost to the market, but these have the potential to create long-term challenges for key players in this marketplace. The equity release can help in reducing the gap in the retirement savings, according to the research study. The equity release industry continues to witness a massive increase, however, perceptions about this financial mode need to change.

The key market drivers have also been studied in detail in the report. According to the report, average house prices are up by 3% in 2017, and home ownership has fallen, especially in the demographic which is under 55s. The interest-only mortgages continue to be a silver lining for lenders in this landscape.

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