Equity Release
Majority of Brits not planning to downsize in retirement
Despite many being property rich but cash poor
£4bn obtained via equity release over last 12 months
It has become a ‘mainstay of financial planning for older people and it’s not going anywhere’
Best Practice | 26 Jul 19
L&G rolls out equity release workshops for IFAs
They are aimed at financial advisers newly qualified in the field
Equity release funding retirement for 21% of Canada Life users
Property wealth is starting to sit alongside more traditional sources of income like pensions and savings
Canada Life adds more generous equity release product
It will be available to homeowners aged 60+ who can borrow up to £1m against their house