Equity release clients go back to basics during lockdown - Canada Life

Once-in-a-lifetime out, necessities in

Alice Watson: "As we enter into a period of increased economic insecurity I wouldn't be surprised if this shift became more pronounced."
Alice Watson: "As we enter into a period of increased economic insecurity I wouldn't be surprised if this shift became more pronounced."
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Clients using equity release to support day-to-day living accounted for more than a fifth of Canada Life’s transactions during lockdown.

The provider said equity release client behaviour had changed as a result of the strict lockdown measures imposed to curb the coronavirus pandemic. It said requests for lifetime mortgages to pay for...

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