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Centre for Policy on Ageing | |
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Housing and finance in later life
— a study of UK equity release customers | | Author(s) | Louise Overton |
| Corporate Author | University of Birmingham; Age UK |
| Publisher | Age UK (electronic format), London, June 2010 |
| Pages | 41 pp |
| Source | Age UK, Astral House, 1268 London Road, London SW16 4ER. http://www.ageuk.org.uk/Documents/EN-GB/Housing%20... |
| Keywords | Home equity release schemes ; Financial services [older people] ; Attitude ; Consumer ; Social surveys. |
| Annotation | In the current recession, older people's ability to maintain a decent standard of living has been exacerbated by reduced incomes, especially from savings. Evidence of increased expectations of the baby boom generation could mean an increased willingness to use housing assets to this end in later life. This research report presents findings of a survey of 553 equity release customers and 26 follow-up semi-structured interviews. It sheds light on the sorts of people who take out equity release plans, what they do with the money, and their satisfaction or dissatisfaction with the plans. It also reveals their views on related topics such as inheritance, responsibility for financial security in later life, and retirement strategies (house vs pensions). It also includes data on different aspects related to taking out an equity release plan. The report looks at respondents' characteristics and attitudes to financial provision in retirement; their experiences of equity release purchase; and the role of equity release plans in respondents' financial situation. (RH). |
| Accession Number | CPA-100806203 E |
| Classmark | WQB: J: DP: WY: 3F |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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