Equity release more popular with workers than retirees

NU surveyed over 1,600 people aged between 50 and 66 and found those approaching retirement had a more favourable attitude to equity release than people who had already retired. The research found 9% of pre-retired respondents said they would probably take out an equity release product during their retirement, while just 5% of retired people intended to do so. NU also claims pre-retired people have a more positive attitude to equity release, with over a third saying it was a sensible option for older people, while only a quarter of retired people thought it was a good idea. Willie Mow...