Equity release now seen as a mainstream financial option of older home owners
Equity Release Council | April 02, 2019
The importance of unlocking housing wealth to meet consumer needs in later life and continuing product innovation are ensuring equity release occupies an increasingly central role in the UK, a new report shows.
The Spring Market Report from the Equity Release Council shows that over the course of 2018, home owners over 55 years of age accessed 50 pence of housing wealth for every £1 of savings withdrawn through flexible pension payments, highlighting the increasing role of property wealth as a supplementary source of later life funds.