How equity release can help retiring homeowners avoid a vortex of expenses and debt
EQUITY RELEASE COUNCIL
New Year Financial Planning – January 2014
The start of a new year is often a time to take stock and make plans for the year ahead. Our latest research highlights that saving is a top priority for over-55 homeowners in 2014. But with a vast majority (94%) expecting living costs to rise further, many are set to continue dipping into their savings pots and using unsecured credit in order to cover costs.
The following guide sets out the findings of research carried out in December 2013 among 1,511 homeowners aged 55 and over and explains the role equity release products can play to prevent those who are retiring or already retired being sucked into a vortex of expenses and debt.