09 Jun Retired homeowners in East Anglia are making £423,000 A DAY
by Simon Phetter
Property wealth boosted the retirement standard of living for pensioners in East Anglia by more than £38.1 million in the first three months of this year – more than £423,000 a day, new analysis from leading over-55s finance specialist Key Retirement shows.
Its Equity Release Market Monitor shows retired homeowners made around £64,400 tax-free each on average by cashing in on their homes in the first three months of the year, with sales of equity release plans up by 57% over the same period of 2016
Dean Mirfin, technical director at Key Retirement, said: “Property wealth is making a huge contribution to retirement planning, and that is demonstrated by the growth in the value of equity being released in East Anglia.”