The findings become just like the mortgage lender today declares the new extension of their union that have Court & General (L&G) to grow usage of later-lifetime lending products to homeowning customers, old 55 years and over

A new study regarding Santander United kingdom means that one fourth out of homeowning people perform contemplate using equity in their possessions to help with its financial position into the afterwards-lifestyle.

Of today, Santander tend to contact consumers, which they believes would be eligible for the new later-life financial loans supplied by Courtroom & Standard, to add additional information concerning solutions under the union

When asked what residents manage discharge equity to have, only more a third (33%) told you they would availability money to improve their later years finances, up to one out of five (23%) might use they to do renovations, if you find yourself fifteen% told you they’d play with a few of the security in their house to aid their college students on the property ladder. Continue reading →