Equity Release Demographics
The Equity Release Council explains “official demographic projections show that the number of people aged 55+ will increase by nearly 5m or 23% over the next 20 years to make up more than a third of the UK population.
Those aged 70 or above – 70 being the average age for taking out a drawdown lifetime mortgage, the most common product choice when unlocking property wealth – will increase from 9m to 13m: a rise of 4m or 44%.”
There are a variety of equity release products available and the advisers at Cotswold Independent Financial Services understand the options available. Read more