About one-in-eight (12%) UK homeowners aged 40 and above would consider releasing equity from their house to increase the income they have for retirement, according to a survey of 1,020 UK homeowners.
Bob Champion looks at retiring earlier than expected, something labelled as an "unwelcome drama" by some due to their debt levels. Could equity release be the answer?
A new lifetime mortgage was launched every 28 hours in 2020, according to Andrea Rozario. Her new favourite statistic. But the market can go further, she writes
The UK’s equity release market recovered somewhat in the second half of 2020, but the number of new plans taken out still lags the previous two years.
Royal London has taken a 30% stake in equity release provider Responsible Group as it predicts later life lending "will become a core part of financial planning".