Equity release priority is lifestyle over income - survey

A study of over 2800 of its KRS’ own customers reveals more people are using home reversion or equity release packages to increase their income than they would have done seven years ago, however a greater majority of people are using released funds for several purposes which largely cover lifestyle choices such as home improvements and holidays, along with paying bills and debts as part of their income, treating family and friends, inheritance tax planning and to cover the cost of medical operations. A comprehensive survey of all KRS clients over the last seven years up to last year – to...