The number of Britons tapping their homes for cash is on the rise, according to the latest figures from industry body the Equity Release Council. It revealed that between April and June, the number of people borrowing via equity release rose by 4 per cent to 13,489. This included new customers, people with existing equity release loans taking further borrowing, and customers with drawdown equity release plans withdrawing money from their pots. Average new lump sum borrowing fell 6 per cent over the three months with the typical borrower taking £113,779. Lump sum equity release mortgages allow people to access all of the cash from their home in one go.