Driving momentum

It has been well documented that the drivers for equity release are likely to increase in the coming years. This is mainly a result of previous high house price inflation, an ageing population, the pensions crisis and lack of provision. However, more recently the effects of low interest rates have been disastrous for those relying on an income from their savings. The current drop in house prices may affect how much the consumer can release from their property, but it does not reduce the drivers or reasons for why people look to equity release. Baby boomer attitudes We have all heard of ...