15 Oct One in four property owners do get security off their property in order to assistance its money in later-lifetime
The fresh new findings been since the home loan company now declares new expansion of their partnership which have Court & Standard (L&G) to grow usage of afterwards-lives lending options so you're able to homeowning people, aged 55 age as well as over
New research regarding Santander United kingdom means that one fourth regarding homeowning people carry out contemplate using guarantee in their possessions to support their financial position during the later on-lives.
Out of today, Santander will get in touch with people, which it thinks might be entitled to the fresh later on-lifestyle financial loans provided by Courtroom & Standard, to incorporate much more information concerning the possibilities according to the union
Whenever requested just what people carry out discharge equity to possess, only more than a 3rd (33%) told you they'd supply money to increase the senior years cash, doing one in five (23%) can use they to-do renovations, while you are fifteen% said they will have fun with some of the collateral in their home to help their particular youngsters onto the property steps.