Record sales for Just Retirement
This is a 36.6% increase on the same period last year bringing total group sales to £455.5m.
Total sales are made up of £67.6m of equity release mortgage advances (+3.8%) and £387.9m of annuity sales (+44.6%).
Rodney Cook, chief executive of Just Retirement, said the group had witnessed strong growth in each of its core markets during the quarter one period.
He said: “The latest data published by the Equity Release Council would indicate a positive outlook for the equity release market as increasing numbers of customers are choosing to use some of the equity in their homes as a solution to top-up their monthly retirement income.”