Bower News

42021Feb 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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Andrea Rozario

Bridging the gap between the old and young

The world seems to be totally imbalanced at the moment. What with the endless political drama here in the UK, the EU and across the pond in the States, 2020 was anything but dull.

Add to this the continuing coronavirus pandemic and the worldwide financial difficulties many predict will drag on for years, and the gap between the haves and the have nots could widen even further.

However, despite this rather dour outlook, there is one group of people who are consistently searching to level the playing field: older homeowners.

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