Recent research from Aviva about attitudes towards property and retirement reveals that almost half (46%) of homeowners over 45 see property as a key part of retirement income planning. This equates to around six million UK households.
Since 2010, the report has tracked customer attitudes to their financial arrangements as they approach retirement. Back then, the average UK house price was £162,887. By June 2016 this had risen by 25.4%, to £204,238. At a time of historically low interest rates, it’s little wonder that equity release has become an option for many people seeking additional financial resources. It’s also an area where advice is crucial.
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