Press Releases

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

09 February 2020

Pensioners in nine regions see gains with Welsh homeowners the biggest winners Over-65s own property wealth worth £1.133 trillion, Key Pensioner Property Index shows

07 February 2020

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

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,

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