Married couples still take up 42% of the Equity Release market, but this year has shown a sharp increase in the number of single women over the age of 55 choosing to release Equity from their homes. Figures released show that single women are now 35% of the Equity Release market, up from just 23% two years prior. Only 23% of Equity Release customers are single men.
Experts are explaining that rising divorce rates for over 55s and women tending to have lower pension incomes than men are all forcing single women to look at alternative options to finance their future.
If you have any questions about Equity Release please contact our team on 01277 636 426