Page 16 - The Pulse Issue 6 Online

2017 Market Overview

Consumers’ pockets Bank of Mum and
feel the squeeze Dad becomes the UK’s

Higher inflation is occurring in 9th larest lender
tandem with muted earnings
growth causing consumers to Equity release
reign in their spending. booms

Brexit fears drive down
house price rowth in 8,351 pensioners took out
the capital an equity release plan in Q1

UK housing transactions in the of 2017, according to the
second half of 2016 were 9% Equity Release Council.
down on the same period in
2015, according to figures
from HM Revenue & Customs.

The Rise of Mortae Misfits

Later Life Adverse Zero Hour First-Time Self-Employed
Lendin Credit Contract Workers Buyers Workers

In 2006, a quarter of In 2016, a total of 910,000 workers are On average FTBs need There were 4.7 million
new mortgages went 912,389 CCJs were now employed on a to earn £52,000 with a self-employed workers
on beyond the age of registered against zero-hours contract, a deposit of £46,000 to in the first quarter of
65. Today the figure is consumers in England four-fold increase from get on to the property 2016, forming the
almost 40%. and Wales – an the year 2000. ladder. This has backbone of the UK
increase of 24% on resulted in the average economic recovery.
the 734,205 registered age of FTBs now being
in 2015. 30 years.

The last few years have seen a flurry of new lenders with

an appetite to cater to non-standard customers.