More than a third of over 55s are living beyond their means

More than a third of over 55s are living beyond their means

• 68% dip into cash savings to plug their income shortfall, 17% use their bank overdraft and 16% borrow on a credit card • A further 25% anticipate that the increase cost of living will push them into the red this year New research from equity release lender, more2life, reveals that more than a third

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Using your Property Equity to Fund Home Improvements

Using your Property Equity to Fund Home Improvements

Many people who released equity from their homes in 2019 with Giraffe Equity Release used the funds to pay for home improvements. These homeowners chose to release some of their property equity to access a lump sum of tax-free cash. But funding your home improvements through equity release isn’t right for everyone. No monthly repayments

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Almost £4bn worth of equity released in 2019

Almost £4bn worth of equity released in 2019

  Older homeowners withdrew £3.92bn of housing equity in 2019 down slightly from £3.94bn in 2018, the latest figures from the Equity Release Council have shown.    Despite the small dip the market has grown almost four-fold in the last decade, with the annual value unlocked rising from £945.97m in 2009. A total of 85,497

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