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Press Releases

The best way to find out if equity release is right for you is with proper advice from a professional equity release adviser.

Press Office

To get in touch with our Press Office, call one of the below or email us at [email protected].

Lee Blackwell: 07384511140
Rachel Mann: 07384511269
Claudia Pearson: 07920721476
 

Older homeowners release £1.42 billion of property wealth

14 July 2020

• Pandemic hits Q2 volumes as customers numbers fall by 27% • Customers focused on repaying debt rather than holidays or home improvements • Low interest rates enable one in eight customers to switch plans Key’s H1 2020 Equity Release Market Monitor shows Download the full report at: www.keyadvice.co.uk/about/market-monitor

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Expectation vs Reality: Older homeowners face £17,984 retirement income shortfall

04 March 2020

• The retirement income people expect to need is more than double today’s average, with Yorkshire and the Humber home to the biggest reality gap (£27,723) • Multiple pressures, from rising living costs to mortgage commitments, are not only stifling savings, but eroding pension pots as one in six (16%) plan to draw on their pension savings early • Property wealth holds untapped potential, equivalent to 12 years of state pension payments for the average homeowner – but few are prompted to consider it • The Equity Release Council and Key call on government and industry to break down the silos that create tunnel vision when it comes to retirement planning

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One in three are retiring in debt this year

15 January 2020

• Average owed is £17,460 and clearing debt will take three-and-a-half years • Credit card, bank loan and mortgage debt most likely to be carried into retirement • Key launches major new marketing campaign to help customers answer equity release questions and consider how property wealth could smooth their transition into retirement

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