21st January 2019
L&G: Is equity release good for the UK economy?
Our ‘Silver Spenders’ research highlights the potential for money released from housing wealth to support economic growth in the UK. The research found that every £1 of housing wealth released generates £2.34 for the UK economy1.
Property is often a person’s single largest asset and has become an important part of retirement funding in the UK. But with so much money tied up in property – how does releasing those funds for homeowners to spend impact other industries such as healthcare or construction?
Click here to read more about the economic impact of equity release by Silver Spenders.
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