A record average of £78,334 of equity was released by homeowners in July, suggesting property wealth is being used as a "back-up savings account", Responsible Equity Release has said.
With the average UK salary just less than £28,000, the provider said homeowners released equity from their homes totalling almost three times the average annual wage in July. It said this represented...
Once-in-a-lifetime out, necessities in
£3.4bn released last year
And mortgage lending
To communicate equity release's wider opportunities and benefits, writes Chris Flowers, providers and advisers need to think about how best to engage not only its usual target audience but also their families
Whether it's because we had to or wanted to, lockdown gave us all the opportunity to do things differently. But which of these new habits are likely to remain part of everyday life? Simon Goldthorpe shares his thoughts...
Transfer did not proceed
UN's 17 social development goals
Expects market to 'remain volatile'
2.5% widely expected