Key Equity Release is rebranding to Key Later Life Finance in a bid to highlight the range of products for the over-55s the advice firm offers. Key, which offers advice on equity release, retirement interest-only (Rio) and later life mortgages says it conducted "extensive research with both advisers and customers"
Almost one in five, or 19%, of equity release advisers at Key Equity Release are now women, the lender has revealed this International Women’s Day. Since the pandemic began, the number of female advisers at the firm has increased by 8%, while more than half, or 53%, of adviser support roles are now filled by women. A
Older homeowners are releasing an average of more than £100,000 from their properties, in what is being termed a middle-class stampede towards equity release.
Two separate studies found that homeowners were able to access triple-figure cash pots when taking out equity release deals- also known as lifetime mortgages.
This is when older homeowners take out a new mortgage on their home, allowing them to access some of the money tied up in it to spend in their later years.
Older homeowners are getting an average of more than £100,000 when they take out equity release mortgages - but there are plenty of risks involved
Homeowners release £1bn of equity in middle-class stampede dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.