Help the Aged has said that equity release is a growing part of individuals' plan for retirement.
The operations manager for Help the Aged, Mike Lewis, has commented on the role this form of lending is now taking in retirement provision.
The charity has its own equity release service and has seen demand increase gradually.
"It is a slow burn process and it will probably be four or five years before it is a mainstream product," said Mr Lewis.
"The final salary scheme is dying a death slowly.
"You can easily be in your 60s or 70s before you receive the benefits of your parents' wealth."
The Council of Mortgage Lenders (CML) published equity release figures today.
The CML report shows that in the first six months of the year, the number of equity release mortgages grew by two per cent from the same period last year - from 10,877 to 11,130.
Outstanding equity release mortgages now amount to 113,678 or more than £5.8 billion; an amount that CML expects to see increase.