Can we expand funding options for older borrowers?
- 23 December 2021
- Posted by: Editor
- Category: news
UK Finance looks to explore at the Later Life Lending Event (LLLE) on 27th January 2022 how the property market can serve the housing requirements for older borrowers. They will discuss the availability of housing and the different types of funding options.
Reports from Canada Life in 2021 suggest that equity available in homes for those over 55 reached a high of £740 billion, fuelled by the rise in property prices in Q3. It was also highlighted that 15% of these types of homeowners want to use their equity to purchase a new home. This illustrates a sustainable demand for these types of properties to be acquired.
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