Rob Miles: Don't leave property wealth out of retirement planning

Equity release lending reached a record £3.94bn in 2018 - an increase of 29% from the previous year - as more people turned to property wealth to meet their income needs in later life. The figures from the Equity Release Council reveal the market attracted 46,000 new customers in 2018 - a quarter more than in 2017 and a true testament to the growing appeal of equity release. Part of the growth has been driven by the wider range of product options on offer, but there has also been a shift in the way retirement lending is viewed by consumers. Lifetime mortgages are no longer seen as a last...