More than One Million UK Homeowners Set to Release Property Cash to Fund Retirement

Recent research carried out by Liverpool Victoria (LV=) has found that over a million Britons aged 50 plus plan to take advantage of the rising value of their property to help fund their retirement.

LV says that some 12% of over 50s have opted to save less for their retirement; banking on the value of their home continuing to rise so that they can cash in on the profit.

Vanessa Owen of LV said in a statement that proves there is confidence in the value of equity release: ‘In a matter of months millions of pre-retirees have seen both their property and pension fund values battered. Despite this, their confidence in the long-term value of bricks and mortar remains.’

Equity release is steadily growing in popularity as a retirement solution and many pensioners are sitting on large amounts of property cash that they could safely release to help fund a more enjoyable lifestyle.

Geoff Charles of award winning Equity Release Specialists Bower agrees with the findings of the LV research, saying ‘Releasing cash from a property is becoming an increasingly popular way of helping homeowners fund their retirement.’

Bower is an FCA regulated independent financial advice company that offers specialist advice on equity release throughout the south of England. For more information e-mail customer.services@bowerretirement.co.uk or call 0800 411 8668. Bower offers a free, no obligation initial consultation to homeowners considering Equity Release.