Press Releases

One in three will use property wealth to boost retirement income

31 January 2020

• People retiring in 2020 own £142.5 billion of residential property • Key launches campaign to help customers answer equity release questions and consider how property wealth can smooth their transition into retirement

EQUITY RELEASE MARKET HITS £3.4 BILLION AS CONSUMER CONFIDENCE GROWS

17 January 2020

• Q4 saw the highest amount of equity released in 2019 but year-on-year plan sales and value released dropped • West Midlands, Northern Ireland, Wales and the North West continued to expand,

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

Will Hale, comments on ONS Families and Households statistics

15 November 2019

When you take a hard look at today’s statistics, they appear to be a stark warning that for many the intergenerational wealth divide continues to grow and that we need to seriously consider how we can tackle this issue.

Drawdown sales growth reflects cautious approach to accessing housing equity

15 November 2019

Volume of drawdown increases 12% year on year as market hits £887 million

Will Hale, comments on ERC Quarter 3 2019 figures

25 October 2019

Today’s figures highlight the resilience of the equity release market in tough economic conditions and how the fundamental issues of low pension savings, substantial property wealth and an aging population continue to drive customer demand and attract new sources of funding to the market helping support product innovation.

Key Announces New Distribution Strategy Supported by Digital Advice Platform

22 October 2019

Key – the UK’s largest equity release adviser – has announced a new distribution strategy, with a refreshed ‘whole of market’ (WoM) advice offering, branded ‘The Equity Release Experts’ and a new ‘Key Equity Release’ branded integrated service proposition.

Removing Stamp Duty Would Boost Last-time Buyers

12 October 2019

• Nearly half of over-55s would consider moving if they didn’t face stamp duty • More than three out of four advisers would back Stamp Duty cuts for older homeowners

First Time Buyer Boom Drives Older Borrower Mortgage Enquiries

20 September 2019

• Advisers see a surge in over-55 enquiries for options to help children and grandchildren onto the property ladder • Nearly half (47%) of first-time buyers are partially funded by grandparents or parents

Debt threat for older homeowners

11 September 2019

• Average unsecured debt is nearly £12,000 • Over-70s face credit card debts of more than £9,700 • Credit Card repayments eating up 40% of their state pension income