Key Retirement sees 66% rise in equity release market share
Key Retirement has reported a 66% growth in its market share within the equity release sector over the past five years.
Key saw an increase from 21% in 2010 to 35% in 2015, while year on year growth rose from 33% to 35%.
Employee numbers have increased 150% at the business, from 124 in 2010 to 310 today.
Dean Mirfin, technical director at Key Retirement, said:
“Figures for the equity release sector show sustained and significant growth in the market and highlight our specialism and focus on the sector; not only through our consistently increasing market share but also our considerable part in ensuring that the overall growth of the market is maintained.
“We expect the overall market growth for the year to be over 25% against 2014 and Key is as determined as ever to be at the fore of driving that growth.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Lloyds
Lloyds sets aside extra £4bn for high-LTI mortgage lending
FCA
FCA confirms simplified mortgage rules
Bank Of England
Bank of England issues first-of-its-kind fine of £11.9m
Government
Government confirms launch of permanent Freedom to Buy mortgage scheme
Regulation
Lenders urged to prepare for court ruling on commissions as motor finance complaints surge
FCA
FCA fines Barclays £42m over financial crime risks
