Key Retirement has reported that its market share within the equity release sector has increased by 66% in the past five years.

The increase was from 21% in 2010 to 35% in 2015. Meanwhile, year on year growth increased 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.”