Cost of retirement influencing over 55′s to look at equity release

Research from mortgage lender Birmingham Midshires shows that almost 50 per cent of those over 55 are anxious about how they are going afford their retirement. Only 10 per cent are deemed confident that they will be able to live comfortably in retirement.

These concerns over inadequate retirement savings are influencing one in eight people to look into equity release to help pay for their retirement.

If suitable for you, equity release can raise a tax-free lump sum or regular additional income, helping you pay off any mortgage you may have, giving you more disposable income to use as you wish every month.

Related posts:

1. Expenses and Cost of Living Affecting Retirement Funds
2. Growing Concern About Cost of Living Amongst Over-55s