The number of
over-50s customers seeking equity release to undertake home improvements rose
by 134% in 2021, according to data from Legal & General Financial Advice. The
business compared the first five months of 2021 to the same period last year,
finding that the number of customers looking to unlock wealth from their home
to make renovations initially rose in August 2020, and has been one of the main
reasons for customers looking to take out a lifetime mortgage since then. Recent
research commissioned by the Good Home Inquiry found that 63% of people
approaching later life in England see home renovations as a priority in the
next two years. Read more on the Mortgage Introducer website.
Equity release for home improvements up 134% since 2020 | Mortgage Introducer
No comments:
Post a Comment