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Debt threat for older homeowners

11 September 2019

• Average unsecured debt is nearly £12,000 • Over-70s face credit card debts of more than £9,700 • Credit Card repayments eating up 40% of their state pension income

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Retired homeowners use house wealth to clear debts

23 May 2019

• One in three paid off credit cards and loans and 28% cleared outstanding mortgages • Total lending hits £1.18 billion including potential further drawdown borrowing, Key’s Q1 2019 Equity Release Market Monitor shows Download the full report at: www.keyadvice.co.uk/about/market-monitor

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Page last updated: Wednesday 02 December 2020