Confidence in lifetime mortgages increases says Prudential

The survey carried out by YouGov, shows 44% of homeowners over the age of 55 would consider a lifetime mortgage now, compared to just 18% in 2004 and 9% in 2003. Regulation of lifetime mortgages seems to be an important factor for many people, with 31% of respondents stating it made them more likely to consider an equity release product. The research also suggests that for many people home equity would be an important part of their retirement provision. It reveals 47% of the population are planning to use their home equity to finance their retirement, with 16% believing it will form th...