• HOME
• ALL OFFERS
• NEWS
• BRAIN GYM
• UNDER 40?
• HOW IT WORKS
• ABOUT US

EDITOR'S PICKS

• Brochures
• Charities
• Fashion
• Finance
• Fun and Leisure
• Health & Beauty
• Holidays & Travel
• Home & Garden
• Savings
• Surveys
• Telecoms
• Utilities

NEWS

Pensions deficits 'the result of increased life expectancy'

Solar panels 'mean homeowners have everything to gain'

The Cayman Islands 'are more than just a tax haven'

Are credit cards worth it?

Are you willing to give up high heels for your health?

Home  »News  »Property News

Equity release 'will become mainstream' in future

15/10/2009

Equity release is likely to become a more mainstream option for pensioners as the average age of the population rises, according to a leading authority on the subject. The latest market monitor from Key Retirement Solutions shows that the schemes have increased by 13 per cent during the last quarter, amounting to total lending of £214.2 million. Andrea Rozario, director general of Safe Home Income Plans (Ship) said that interest in equity release is increasing due to the ageing population, low interest savings rates and the effect the recession is having on pensions. "Eventually, we feel that will bring equity release into mainstream retirement planning, rather than it being a marginalised product that is seen as a last resort," said Ms Rozario. "It's only natural that people will think about how they can utilise their biggest asset, which is their bricks and mortar," she added. Office for National Statistics predictions suggest that by 2033, 23 per cent of the population will be aged 65 and over compared to 18 per cent aged 16 or younger. Get a free equity release guide and find out how you can get some additional income Posted by Jez Walters

Related Property News

• 12/07/2010  More home insurance claims in summer, parents warned
• 05/07/2010  Craig Phillips: Beware of asbestos when doing home improvements
• 10/06/2010  Govt attempting to stop garden grabbing
• 01/06/2010  Women 'embracing DIY'
• 10/05/2010  Frost threatens to cut short spring garden
• 29/04/2010  No great movement in housing market, says Council of Mortgage Lenders
• 21/04/2010  Home improvement offers 'energy efficiency'
• 30/12/2009  VAT freeze at major high street retailers
• 29/12/2009  Gardening offers hope to war zone victims
• 29/12/2009  Homeowners seeking advice on equity release
• 04/12/2009  Birds 'changed' by garden feeders
• 16/10/2009  Gardeners urged to grow more fruit
• 14/10/2009  Over-60s using equity release to pay down debts
• 23/09/2009  Government urged to produce equity release guide
• 21/09/2009  Equity release schemes 'have many safeguards'
• 15/09/2009  Equity release 'to play greater role in retirement funding'
• 10/09/2009  Equity release customers 'fall into three types'
• 08/09/2009  Equity release 'can help pensioners repay debts'
• 01/09/2009  Many missing out on home improvement grants
• 27/08/2009  House prices up 1.6% in August
• 27/08/2009  Pensioners own £654bn in property equity
• 26/08/2009  Over-50s welcoming back adult children
• 12/08/2009  Wet weather boosts home improvements