In 2022, older UK homeowners accessed a record £5.2 billion from their housing equity, a rise of 28% from the previous year's £4.1bn, revealed data from the Financial Conduct Authority (FCA).
Equity Release Council
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The amount of women over the age of 55 who are worried about running out of money in retirement has increased to over a third (34%) in the last year, according to a new report by the Equity Release Council.
Older homeowners in Scotland face a retirement income shortfall of £17,652 a year, according to a new report published today by the Equity Release Council and Key.