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Press Releases

The best way to find out if equity release is right for you is with proper advice from a professional equity release adviser.

Press Office

To get in touch with our Press Office, call one of the below or email us at [email protected].

Expectation vs Reality: Older homeowners face £17,984 retirement income shortfall

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

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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

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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.

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Page last updated: Wednesday 02 December 2020