Almost 1 in 3 using equity release for holidays!

New analysis from leading equity release specialist, key retirement has identified that retired homeowners are using some of their property wealth for dream holidays.
  • 30% of customers taking out equity release spend some of the cash on holidays.
  • The average amount released to fund holidays is nearly £7,000
  • Those buying holiday homes released an average £58,850
Travel is a popular choice for those unlocking cash from their homes, often alongside others uses to improve their lifestyle in retirement. Customers using equity release are releasing an average £72,000 from their homes to meet a range of financial needs and wants in retirement.

 

For more information about equity release please contact one of our One Stop Finance Team Below

 

 

London Office

Elwood House, 42 Lytton Road,
New Barnet, EN5 5BY
Tel: + 44 (0) 20 8441 2605
Fax: + 44 (0) 20 8441 8607
Email: infolondon@osfg.co.uk

Hemel Hempstead Office

Charleston House, 13 High Street,
Hemel Hempstead
Hertfordshire, HP1 3AA
Tel: +44 (0) 1442 23 22 72
Fax: +44 (0) 1442 23 22 75
Email: infohemel@osfg.co.uk