Press Releases

18 March 2021

• Over-55s face average credit card debts of £8,500 and loan balances of £11,700 • Debt Awareness Week highlights the need to get good specialist advice • Those in the South West struggle with biggest credit card debt while those in the London have the biggest unsecured loans

25 February 2021

• Gift Provides two-thirds of the average amount needed for a first home deposit • Londoners (£102,000) followed by the South East (£61,500) and Wales (£44.200) • Older homeowners paid out £775 million in gifts last year

21 January 2021

• Strong Q4 highlights the continuing strength of the equity release market • Plan sales drop by 12.5% but total value released slips just 4.4%, • Increasing financial resilience and gifting the focus in 2020 Key’s 2020 Equity Release Market Monitor shows

21 December 2020

Over-65s in London have made £21,000 with most regions seeing strong gains Over-65s own property wealth worth £1.224 trillion, Key Pensioner Property Index shows

04 December 2020

• Average handouts in Q3 are as high as £133,000 in London • House deposits are the biggest reason for helping families

25 November 2020

• Proportion of over-55s worried about running out of money in retirement increases to over a third (34%) over the last year • While concerns are rising fastest among men, working women remain the most anxious (48%) • Women are also less likely to consider alternative sources of later life funding • Almost half (48%) are worried about falling ill and having to pay for care

18 November 2020

• Equity release plan sales drop 9% in Q3, but value released holds steady at £884 million • Debt repayment and gifting account for three-quarters of wealth released

05 November 2020

• More than a third of those retiring this year are still financially supporting family • Payouts include providing regular cash and even funding holidays

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.