Some 30% of those over 55s say that their ability to repay their mortgage will be hindered due to the cost-of-living crisis, according to the latest data from Key. Key suggests this equates to around 879,000 mortgage plans "being derailed". Of those 3.3m over-55s who have yet to repay their mortgage, 16% say they
A total of £2.1bn has been given to relatives by grandparents and parents since January 2020, research from Key Later Life finance shows. This makes up 17% of the total amount of money taken from equity release in the same amount of time - £12.1bn. The data is broken down by region and shows that people in London
The profile of customers using equity release is changing due to the ongoing market developments and economic factors, Key chief executive Will Hale reveals speaking to Mortgage Strategy. With higher product rates and more restricted product ranges, Hale explains that almost 80% of new customers inquiring about