More than 22500 deals were agreed in 2015,showing a growing reliance on housing wealth as a key pillar of later-life financial planning A record amount of housing wealth was unlocked by homeowners aged 55 and over in 2015, with £1.61bn withdrawn through specialist equity release plans.
Lending was up by 16% on the preceding year’s figure, and the Equity Release Council said,as homeowners used lifetime mortgages and reversion plans to access cash from their homes. Continue reading...
Source: theguardian.com