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Over £1 trillion equity for retired homeowners – Key RS

Research from Key Retirement Solutions shows the rise in property prices means that for the first time the nation&#39s retired homeowners now have over £1 trillion of equity in their homes.

This is an increase of around £444bn or 75.32 per cent since 1998, when they had £589bn worth of equity.

Key Retirement Solutions managing director Colin Taylor says: &#34With the rise in property prices, many retired homeowners now have considerable wealth. However, given that the majority of this is generally tied up in bricks and mortar, a number are living close to or below the poverty line. To help alleviate this, many could consider releasing some of the equity in their homes through an equity release plan.&#34

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