Homeowners release record £3 billion equity in 2017
It is clear that unlocking housing wealth has an increasingly i mportant role to play in helping older
people pay for later life. Analysis from the Equity Release Council earlier this year estimated that
total homeowner equity in England has reached an unprecedented £2.6 trillion, with £1.8 trillion
belonging to over-55 households. Customer data suggests that those using equity release have
homes worth around 25% more than was the case just three years ago
Watching a report on Sky News this morning about the Autumn Budget. Well, not really paying too much attention to it. My eyes were drawn to the £xxx trillion government debt owed. I couldn't fucking believe it. IT WAS INCREASING BY £15,000 A SECOND! That's more than my net income per annum. Every second!
Jesus Christ. Is anyone else depressed by this or is it just me?
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