• Today’s homebuyers could end up £326,000 wealthier over a 30-year period than people who rent, without even considering potential house price growth
  • Almost one in three homeowners (32%) see their mortgage as being like an investment in their future
  • Nearly half (48%) of homeowners with a mortgage agree they are able to save more because their loan is cheaper than renting.
  • Two in five (40%) homeowners agree it is becoming more acceptable to have a mortgage in later life, while 57% are interested in accessing money from their property as they age

Our latest research explores 10 defining trends which have altered the financial landscape for pensions and homeownership over the past three decades, as we approach the 30th anniversary of our founding members establishing consumer-focused standards for equity release products.

It draws on analysis of government, regulatory and industry data, supplemented by our biggest study to date of consumer attitudes and behaviours involving 5,000 UK adults, interviewed independently in summer 2021.

We identify how the dynamics of pension provision and property ownership have changed, and the impact this has had across the generations – comparing the experiences of adults in their sixties today, on the cusp of retirement, with those in their thirties with most of their working lives ahead.

Trends impacting pension provision

  • The decline of the job for life
  • The price of retirement income security
  • The handover of retirement funding responsibility
  • The legacy of pension freedoms
  • The march of the ageing population

Trends impacting property ownership

  • The high hurdles to homeownership
  • The regulatory squeeze on mortgages
  • The age of record loan affordability
  • The ever-lengthening mortgage term
  • The growing acceptance of debt in later life

As property and pensions form the bedrock of personal financial security for most households, the long-term shifts we outline have profound implications for how people will fund their later life ambitions, both now and in the future.

For people who manage to buy their own home during their working lives, our findings suggest the financial flexibility this should provide in retirement may be even more critical to their financial wellbeing than it is today.

Access the report below to explore our findings along with expert views from Age Partnership, Aviva, Canada Life, Equilaw, Just Group, Key, Legal & General and Scottish Widows Bank:


Download the report and supporting documents