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Oct 2, 2010

Equity Release an Option to Fight Poverty in Retirement

A report from the Office of National Statistics (ONS) has worryingly revealed that most single pensioners living in the UK are forced to live on just £27 per day, which works out to under £10,000 per year. As a result, rather than enjoying retirement, many pensioners are forced to work or face constant financial pressures as they grow older.
1 min
May 1, 2010

25% Mortgaged in Retirement

According to a recent report in the Daily Mail, one in four pensioners is taking their mortgage into retirement. A survey of 3,500 people aged 65+ reported that 27% had a mortgage and even more worryingly, the average size of that mortgage was higher amongst those over the age of 70.
1 min