Equity Release Latest News from Age Partnership
Equity release a popular retirement fundraiser
Research has shown that increasing numbers of older people are using funds from their house to fund their retirement. Anthony Frost of Prudential said that research by the company had shown that some 12.9 million people who were in the 50s age bracket had said they were considering relying on property to raise funds either through a Lifetime Mortgage or by downsizing their property.
He said that Lifetime Mortgages are “becoming a more popular option to fund retirement and I think this will continue in the coming years as more and more people approach retirement and think my biggest asset is my house”
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