4 Jul 2018
Pensioners relying on their property to fund retirement andthe lack of options retirees face when downsizing have all featured in the news in June. If you have clients concerned about their retirement finances or clients who are struggling to downsize, equity release could be a solution for them.
Read some of the key news stories intended for intermediaries only from the industry below.
The average over-65 homeowner has seen property wealth gains worth £159,000, the equivalent of £7,000 per year in the 23 years they have owned their home, according to analysis from Key Retirement.
Is now a good time to take a lifetime mortgage? I want to release some cash from my home next year but am worried rates will rise by then.
This year older homeowners have had one extra home finance product to think about – retirement interest-only (RIO) mortgages.