The newest results become because the lending company now declares the fresh new expansion of its connection having Judge & Standard (L&G) to enhance usage of later-life lending options so you’re able to homeowning users, aged 55 decades and over
New research out-of Santander United kingdom means that 25 % of homeowning grownups perform consider using guarantee in their assets to help with the budget from inside the later on-life.
Out https://cashadvancecompass.com/personal-loans-ms/ of today, Santander have a tendency to contact people, just who it believes is entitled to the brand new after-lifetime lending products provided by Courtroom & General, to add addiitional information concerning the solutions underneath the union
When requested what property owners would release security to possess, simply more than a third (33%) told you they might accessibility currency to increase the senior years cash, up to one out of five (23%) can use it to complete home improvements, when you are fifteen% told you they would have fun with some of the guarantee in their house to aid her people on the assets hierarchy. Continue reading »