Press Releases

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

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.

15 November 2019

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

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.

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.

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

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

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