U.K. research indicates growing interest in home equity release
Edited by Chris Clow and the HousingWire Newsroom, RMD provides dedicated reverse mortgage news, insights and commentary.
Source: reversemortgagedaily.com
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Savers turn to properties to fund retirement
‘Significant increase in house prices’ to make strategy 'more commonplace'
Source: international-adviser.com
Nearly a quarter of workers see home as retirement fund
A survey carried out on behalf of Legal & General Home Finance found that 22% of current workers plan to use the value of their home to pay for their retirement. Additionally, of the 4,000 adults asked at the end of this year, the survey showed that 35% of all non-retirees own a house but have less than £10,000
Source: mortgagestrategy.co.uk
Onwards and upwards, or another false dawn? | Mortgage Strategy
The equity release market is on track for a record year and it will only keep growing. That was the over-arching sentiment among industry figures Mortgage Strategy spoke to, but some worry a shortage of later-life lending expertise among brokers could inhibit that growth. It may make it harder for consumers to obtain
Source: mortgagestrategy.co.uk
Half of FTBs delay homebuying: Equity Release Council
Nearly half of homeowners under 40 got onto the property ladder “much later” than they expected, according to new research by the Equity Release Council, which it says highlights a more relaxed attitude to later life debt. The trade body says 45% of young homeowners with a mortgage delayed buying their first
Source: mortgagestrategy.co.uk