Home downsizing issues buoying equity release

Their report The role of housing equity in retirement planning- which polled 1,000 homeowners aged 55+, found the majority of homeowners were against moving from the family home into a smaller property. "The traditional view is downsizing is a way older people can free up some capital and cut their living costs," said Stephen Lowe, group director of external affairs and customer insight at Just Retirement. The research found retirees' views change as they age. Of those with between one and five years to retirement, half said they would rather sell up than use equity release. But only ...