Financial Planning

Andrea Rozario - Retirement Planner

Retirement Planner – Older is Getting Younger

The average age of a customer taking out a lifetime mortgage still sits at a shade under 70, but myself and advisers alike foresee this creeping down year on year. 

Right now, I think you’d still call 70 ‘later life’ but I’m sure many pensioners, and perhaps some of my friends and family, would strongly dispute this. To be honest, with life expectancy still, in the main, on the rise, I think I might agree that 70 really isn’t that old at all. But, for right now, I think it’s safe to say that equity release is still in the realms of ‘later life lending’. But this will change. 

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