Press Releases

06 October 2020

Product numbers have increased 374% since 2017, equating to 525 at the end of August 2020

28 September 2020

The UK’s largest equity release advisory firm, Key has strengthened its Estate Planning team with the hire of Andrew Parkinson as Head of Sales and Operations – a new role for the company.

17 September 2020

28 August 2020

Pensioners in London gained nearly £2,200 a month but almost all regions are better off Over-65s own property wealth worth £1.124 trillion, Key Pensioner Property Index shows

21 August 2020

• Two-fifths of the proceeds of equity release used to clear mortgages or other debt • Yorkshire, London and Wales most likely to use equity release for repayments

24 July 2020

• People receiving Council support with long-term care costs falls 10% YOY • Proportion of over-55s worried about care fees rises from a fifth to a third • Property in the spotlight as faith in savings and pensions income falls

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

22 May 2020

• More People Access their Housing Equity and an Increase on Amount Releases • Debt repayment and Gifting Most Common Uses According to New Value Analysis • Average residential mortgage repaid using equity release is over £51,000

22 April 2020

• Research from ABAKA, in conjunction with Key, has explored how the over-65s can engage digitally with lifetime mortgage providers and advisers • The ‘Alexa generation’ of retirees saw conversational AI chatbots as a supportive mechanism in helping them with their initial research into equity release

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