Older people 'should take advantage of equity release'

Call us on our free phone number 0800 587 0093

People Finder

Search AG

Share this site

My Ashton KCJ Bookmarks

Currently no favourites bookmarkedAdd this page to FavoritesCharacter limit exceeded! Limit:To delete the bookmark click on the title and drag out.Bookmark already exists!Custom titleDescriptionPlease fill in all required fields!

100smoothness

Warning: Invalid argument supplied for foreach() in /home/ashtonkc/public_html/modules/mod_cd_fapa/tmpl/default.php on line 56

Older people 'should take advantage of equity release' /resources/news/residential-property/1093-Older-people-should-take-advantage-of-equity-release

Home > News & Resources > News > Residential Property > Older people 'should take advantage of equity release'

Older people 'should take advantage of equity release'

Older homeowners have been advised to make sure they are taking advantages of all of the financial options that equity release can provide.

Recent research from Prudential has revealed that over 65s in England, Scotland and Wales have managed to retain combined equity in their properties worth £654 billion.

However, financial adviser Key Retirement Solutions has stated that "a large group" of older people are failing to consider the potential benefits of releasing that equity.

Dean Mirfin, group director for the firm, reminded consumers that equity release can be used as a means of paying bills and mortgage repayments, as well as helping to maintain a consistent standard of living after retirement.

He added that the money could also be used for more aspirational purposes, such as refurbishing a house.

Mr Mirfin concluded that equity release was a financial option with huge potential for "those who really want to do something with their retirement". ADNFCR-2347-ID-19355058-ADNFCR