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Equity release being driven by necessity, not aspiration, as cost of living crisis continues to bite ‒ analysis - Mortgage Solutions https://t.co/b1FDfnPpOK via @mortgagesols
The Council's winter newsletter has now been published.
Click below to hear from the Council's CEO @JWMBoyd who offers an insight into the newsletter, as well as some exciting updates from the Council.
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#equityrelease
“Carrying debt into later life can seriously eat into a pension and people may need to work longer to pay it off,” said Matthew Ellis, head of lifetime mortgages at @OneFamilySocial
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"There is no question that with rising residential mortgage rates, pensions being squeezed and families looking for support that over-55s need to consider all their options," said @Air_laterlife CEO Stuart Wilson speaking to @MortgageStrat
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Older homeowners have earned £10,000 from their properties this year and are now sitting on almost £3 trillion of housing wealth.
https://t.co/qgP0RHnDIc
#equityrelease
“We are increasingly seeing people turn to their properties to achieve life-long goals, or to improve the standard of their retirement" said CEO, Craig Brown about findings from @landg_uk Equity Economy report.
https://t.co/dBV9aM0InM
#equityrelease
"Although the debate continues to rage about whether fixed or variable early repayment charges (ERCs) offer the best customer value, it is hard to get away from the fact that fixed ERCs are easier to explain," said @GoodAdviceIsKey CEO @willbhale
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“Judging by the latest figures, the equity release market is showing signs of stability and durability as the option to access property wealth opens doors for thousands to pursue their financial goals." More from @DavidBurrowesUK & the full Q2 data here https://t.co/Hk9PqJn9KE