
Later Life Lending
Homeowners could double retirement savings with property wealth, research reveals
Homeowners could release an average of £69,600 through equity release, a 20% increase from five years ago.

Homeowners could release an average of £69,600 through equity release, a 20% increase from five years ago.

New customers using lump sums for living expenses decreased by 16% from last year to just 10.4% and customers taking additional drawdowns for this purpose fell by 9% to 19.6%.

Women are 33% more likely than men to say they do not understand how their pension works, indicating a lack of financial confidence, according to Legal & General.

The free service provides policyholders and their immediate families instant access to tailored support and later-life care experts.

The two partnerships have been extended for five years through to 2028, building on the already long-term relationships with both providers.
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