Indicating the demand for this method of releasing wealth in later life. The figures also reveal that the average amount being released is around £73,500.
The Chairman of the Equity Release Council, Nigel Waterson, highlights the growth that the sector has seen. Given the increasing popularity of equity release among older homeowners, he suggested that this growth is set to continue.
Darren Amos from Anstee & Co said-
“The rise in available and more flexible products in the market has encouraged consumer interest in equity release. The historical low rates of interest being offered are also very attractive. When looking at retirement planning this area needs to be considered.”
Entering into an equity release plan could change your life for the better, but as it is a long term financial commitment, It is vital you take professional independent advice. Anstee & Co are Independent Financial Advisers and members of The Equity Release Council. We are registered with the Financial Conduct Authority.
There are many factors involved and the process may seem complex and time-consuming. Our expert independent advisers will support you at every step and do most of the work for you. Simply contact us and we can guide you through the process from start to finish.
Contact us today to see how we can help. Meetings can be arranged at a time and location that is convenient to you. Including your home. We have offices in Kettering, Stamford and London. We also make use of meeting rooms in Bedford, Towcester, Warwick Wellingborough and Northampton.