Head of Pensions Policy Institute Predicts Equity Release Growth

/

In an address based at a seminar by the Pensions Policy Institute, Niki Cleal predicted that equity release was to grow significantly once more retirees were aware of the potential of unlocking the equity in their homes.

The idea was that whilst there remains a very large of equity tied up in the properties of over 55s, many were simply not aware of planning tools like equity release.

Ms Cleal stated:

“Income released from housing wealth can often complement other forms of income in retirement.”

As other, more traditional, methods of retirement finance have become more unstable, the demand is expected to increase. It might be that the ‘other forms of income retirement’ that Ms Cleal talks about are the ones that complement equity release, rather than the other way around.

If the current growth trend continues, it is expected that over 80% of retirees will shortly be owner-occupiers of homes, allowing for a much greater chance for more people to release equity from their homes.

It seems that recently, equity release is starting to catch people’s attention and it is being talked of more and more as a potentially integral part of retirement planning. Only this week, Reader’s Digest put out an article about how equity release can rescue pension prisoners.

If you are thinking about using equity release to help fund your retirement, why not call up on 0800 524 4853 and find out what the latest interest rates are, how they apply to you and which plans you may be eligible for.

Alternatively click here to use our equity release calculator to find out whether you are eligible for the safest equity release plans.

Responsible Equity Release is a trading style of Responsible Life Limited. Responsible Life Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (https://register.fca.org.uk/) under reference 610205. Only if you choose to proceed and your case completes will Responsible Life Limited charge an advice fee, currently not exceeding £1,490. A lifetime mortgage may affect the value of your estate and your entitlement to means-tested state benefits. Our adviser will talk you through this and the setting up costs before you make any decision to proceed.


Responsible Life - Your Future, Protected.

Award winning equity release specialists.


Contact

0800 652 2955

info@responsiblelife.co.uk

Head Office

Responsible Life
Units 11-21, 4A Mills Bakery, Royal William Yard, Plymouth, PL1 3GE

Opening Times

Monday to Friday
8.30am to 8pm

Saturday
9am to 5pm

Equity Release Awards - Finalist for Best Mortgage Adviser 2018

Copyright © Responsible Life Limited 2020. All Rights Reserved.