Housing Wealth To Fill The Gap Left By Inadequate Pension Income

Wealth Accumulated Via Mortgage Repayments Reaches A Record £62.7 Billion In 2016 As UK Faces A Retirement Income Crisis

Peter Maxwell-Lyte Equity Release, Mortgages Leave a Comment

Wealth amassed by homeowners via mortgage capital repayments increased by 54% from £40.7 billion in 2005 to a record £62.7 billion in 2016. Wealth accumulated by UK homeowners through mortgage repayments has rocketed in the past decade to a record £62.7 billion in 2016 – paving the way for housing wealth to play a vital role in funding later life …