According to the latest data, 2021 is poised to be a record year for equity release growth in the UK – and with more equity release products available across the country, property wealth is increasingly being used as another element of retirement income, alongside existing savings. The diverse nature of equity release products mean that they can be used to meet a range of evolving needs. Whilst releasing equity from a property remains a very significant and individual decision it has a valuable role to play in helping today’s homeowners live the retirement they’ve worked long and hard for
Increases in property prices over the first half of 2021 have given homeowners over 55 the chance to unlock larger sums of money from their homes. The latest Halifax quarterly house price index (Q2 2021) shows that homes in the South East region are worth an overall sum of £140bn in potential equity and £136bn in London.
Here at The Financial Planning Group, we help individuals and families to place their financial affairs in context with future goals and aspirations. We will change the fundamental relationship people have with their money to give them confidence and clarity in their futures.
Why not call Steve Padgham today on 0800 731 7614 to arrange a meeting at our office in central Teddington?