Key reveals 66pc growth in equity release
The increase from 21% in 2010 to 35% in 2015, reflects a period of considerable investment and growth in the business. Year on year growth remains strong increasing from 33% to 35%.
To meet ambitious growth expectations Key maintained investment in its people and technology having embarked on considerable investment in infrastructure, IT and training. 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.”