Home equity release 2013, older homeowners raised £1bn in home equity release. 60% for home and garden improvements.
{"Image DocumentName": "Home equity release2013, older homeowners raised \u00a31bn in home equity release. 60% for home and garden improvements.", "Image ImageDescription": "21% to clear debt. Car upgrades, holidays and helping younger relatives financially also feature. However, ...\u2018to make equity release sustainable we either need to see some product innovation to shorten the duration of loan or the government needs to remove the tail risk.\u2019 Mike Kellard, CEO, Axa Wealth. 2013, older homeowners raised \u00a31bn in home equity release. 60% of people use equity release to pay for home and garden improvements. 21% use it to clear debt. Car upgrades, holidays and helping younger relatives financially also feature.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}