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
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Preston, PR2 9ZH
The best way to find out if equity release is right for you is with proper advice from a professional equity release adviser.
To get in touch with our Press Office, call one of the below or email us at [email protected].
Rachel Mann - 01772 508322
Lee Blackwell - 01772 508795
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
11 September 2019
• More than one in three have helped or plan to help grandchildren with university costs • Most are relying on savings but one in 10 plan to use property wealth
19 July 2019
Volume and value of equity released records relatively modest growth in H1 2019. Average loan drops nearly £2,000 to £76,064
28 June 2019
But homeowners in London seen theirs dip by more than £12,000 in a year Over-65s own property wealth worth £1.096 trillion, Key Pensioner Property Index shows
17 June 2019
Equity Release Council report – Beyond bricks and mortar: the changing role of property in later life financial plans – supported by Key
31 May 2019
Key, the UK’s leading independent equity release advisor, is expanding its Corporate Business Development Team in response to growing industry demand.
23 May 2019
• One in three paid off credit cards and loans and 28% cleared outstanding mortgages • Total lending hits £1.18 billion including potential further drawdown borrowing, Key’s Q1 2019 Equity Release Market Monitor shows Download the full report at: www.keyadvice.co.uk/about/market-monitor
15 May 2019
• But it’s nearly £4,000 less expensive in the West Midlands than in the South East • Spending on the basics adds up to around £230 a week
03 April 2019
• And the tax bill for less well-off households rises to 48% • Average tax paid is nearly £8,000 a year and the total retired household tax contribution is £59.23 billion
26 March 2019
Key, the UK’s leading independent equity release advisor, has strengthened its senior team with the appointment of Kyle Lilford as Head of Sales: Key Direct.