News

For everything from money & financial to over 50's lifestyle, you'll find all our news stories here.

02 November 2016, 00:00

Saga Comments On Equity Release Council Quarterly Figures

Commenting on the Equity Release Council's quarterly figures, Jeff Bromage from Saga Money said:

"The figures show that people are increasingly seeing the equity they have built up in their home as a key part of their funding for retirement. For many this is a lifestyle decision, they want to remain in their family home and continue living the way they are used to.

"We have seen the average amount people are releasing increase by 10% this year. Paying off the mortgage remains the main reason people are releasing equity, accounting for 27% of the value of funds released, the second most popular reason for releasing equity is to spend on home improvements, accounting for 20% of funds released."

Ends


Contact information

Press Office
pressoffice@saga.co.uk

Contact us

The Saga Group Communications Team only deal with enquiries from the media.

If you're not a journalist, visit our contact us page for a full list of telephone numbers.


Lisa Harris

Head of Communications

01303 774716


Angela Clifton

Deputy Head of Communications

01303 776504


pressoffice@saga.co.uk