Attitudes to equity release
We recently undertook a survey alongside the UK Care Guide to understand what attitudes were to equity release, particularly in light if the current coronavirus pandemic.
We asked 5 questions and the results of the survey can be seen below.
The headline findings were:
- 20% of people accessing equity release are doing so to financially help others
- 26% of people looking to access equity release are doing so because either they or their family is no longer in active employment due to the coronavirus
- 54% of people using equity release will give some of the money to others.
- 56% of people will use a search engine to find an adviser to help them choose the best equity release scheme.
- 58% of people will speak to an equity release specialist to understand the advantages and disadvantages of equity release.