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Over-55s took out a record 13,452 new equity release plans between July and September 2022, as they looked to wealth from their homes to help with the cost of living crisis.
Homeowners took out 13,452 new equity release plans in the third quarter with total lending topping a record £1.7bn, according to the Equity Release Council. The body says this type of loan, among property owners aged 55 or over, topped 13,000 for the first time, coming in 8% higher than the previous quarter. It
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Higher interest rates make it harder to buy property, which in turn will lead to reduced demand and lower house prices, analysis by [KIS Finance|https:/...
Last week, the Bank of England raised base interest rates by 0.5 percentage points to 2.25 –pushing borrowing costs to their highest level since…