One in eight to fund retirement thru property

A survey by Lincoln Financial Group of 2,007 adults reveal 51% of homeowners think their home is a major asset for providing for retirement after their pension, although Lincoln says people are leaving it late as the average age for people to clear their mortgage is at least 56. Lincoln Financial says this is the equivalent of 1.58m people not being mortgage free until they are aged 65, while a percentage of those representing 980,000 of the UK population think they will still be paying off their mortgage after they have reached the state retirement age. In addition, it is thought, based ...