The results already been just like the home loan company now announces the extension of their partnership with Legal & Standard (L&G) to expand access to after-life lending products in order to homeowning customers, old 55 many years and over

A new study out-of Santander British implies that one fourth from homeowning adults create contemplate using collateral inside their possessions to support their financial position when you look at the afterwards-lives.

From today, Santander tend to contact users, which it believes could well be entitled to this new later-lifestyle financial loans provided by Courtroom & Standard, to incorporate considerably more details towards possibilities according to the relationship

When expected exactly what people manage release security getting, only over a third (33%) said they’d availability currency to boost its old-age profit, around one out of four (23%) might use they to complete home improvements, if you find yourself fifteen% said they will use some of the security in their home to greatly help their particular people onto the property hierarchy.

Aaron Shinwell, Master Operating Officer, Belongings division during the Santander said: Considering choices to would currency towards the old-age is actually even more extremely important in today’s society and as a primary home loan company, we realize that numerous customers are keen understand how they produces the newest guarantee in their possessions work best in their eyes. Continue reading →