Equity Release Solicitor's Alliance (ERSA) has found the percentage of people considering using their home as a retirement asset, rose from 20% to 38% over the past 12 months.
The group's survey of 4521 UK adults also reveals the overall percentage of people with a positive or neutral perception of the product rose by 6% to almost two-thirds (63%.) Encouragingly, there was a significant drop in those saying they will not use it, down to 27% from 43%. Chairman of the ERSA, Claire Barker said: "Both awareness and demand have grown significantly" in the past year as public sector cuts, inflation and financial obligations have encouraged retirees to seek alternative sources of capital. When asked how they learnt about the product, a third of participants sai...
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