Pru sees huge rise in equity release

Pru pegs the number of people affected at 12.5 million, or roughly a quarter of the Great Britain population when extrapolated from the results. According to the research findings, 42% of FTBs are over 35 years of age. Some 21%, or nearly 1.3 million people, are 45 or older. And some 10 million people between the ages of 35 to 65 have started a new mortgage term when moving house, Pru adds. Answers to a poll of some 1,000 adults around Great Britain suggests about 12.5 million people currently in the UK could hit retirement carrying mortgage debt, resulting in sharply rising deman...