Equity release funds 46 first time home buyers a week
Canada Life Home Finance | March 18, 2019
Home owners in Britain taking out equity release on their property helped 46 first time buyers a week onto the housing ladder in 2018, new research shows.An analysis by Canada Life Home Finance estimates that 2.9% of the 82,791 equity release customers in 2018 used the money to help first time buyers secure a home, up from 2.6% in 2017. But home improvements remained the most popular reason to take out equity release with 48% of customers doing so and using the money to undertake work on their property or garden.