13 January 2017
This week Key Retirement released their latest Equity Release report following a record breaking year for the market.
Some significant findings were:
- Total lending reached £2.15 billion, an increase of 26% on 2015
- The number of homeowners using property wealth to enhance retirement living increased by 17% in 2016 compared to 2015
- 53% used some or all of the funds to clear outstanding mortgages or pay unsecured debts
To view the full report click here.