1 Oct 2025
More borrowers using equity release
Almost one in five equity release mortgages are now taken out to provide financial support for family. Those using equity release to help out family members financially has increased from 13% in 2024 to 22% in 2025, according to Canada Life.
Finance for home improvements and adaptations was actually the top reason for applicants to take out a later life mortgage in 2025, with this being the reason for 43% of applicants.
Helping loved ones has overtaken the previous reason for taking out an equity release mortgage, which was to clear mortgage debt (27%) between 2018 and 2024.
The same research showed that 27% of applicants used later life mortgages for day-to-day living costs, which is up 7% from the previous year, and 21% of applicants required emergency funds – an increase from just 9%.
Equity release is not for everyone, but if you are looking to release money from your home to help loved ones, or make changes to your home, or another reason, get in touch with the team who will help you decide if it is the right path for you: 01628 507477.
Recent posts
UK Housing Market Round-Up: 2025
14 days ago
Property search site Zoopla has estimated that the UK housing market will end 2025 with approximately 1.15 million completed sales – 4.5% more than the previous year.
Take a look at the 2025 summary of the UK housing market.
Best UK Mortgage Rates this Week
14 days ago
Here are the lowest fixed mortgage rates of the week, available to first-time buyers, home movers, buy-to-let, and those remortgaging.
Call us for more information: 01628 507477 or email: team@mortgagerequired.com.
Buying in the New Year
15 days ago
If buying your first property, or moving home, is on your to-do list this year, the new year can be a great time to take this big step. In this short blog, we look at what you need to consider as you plan and prepare for your home-buying journey.
Just because the Bank of England decides to reduce the base rate, this doesn't automatically mean that your mortgage rate will go down.
Autumn Budget 2025: A Summary
26 Nov 2025
Chancellor, Rachel Reeves, has delivered the Autumn 2025 budget. We have summarised the government's plans for tax and spending.
Renters' Rights Act
14 Nov 2025
The Renter’s Rights Bill became law at the end of October, which means it has been signed off by the King, and it is now the Renters’ Rights Act. Despite this becoming law, these changes are likely to start changing within the next six months, with the aim of being fully implemented throughout 2026 and into 2027.
A welcome change in school is coming as financial literacy is due to become compulsory in schools in England.
The Government has announced that as part of the new national curriculum, children in primary and secondary education will be required to learn about budgeting, compound interest, managing money, and mortgages.
The top 10 most beautiful villages in the world
24 Oct 2025
Forbes has published a global ranking of stunning locations and one popular picturesque corner of the UK has nabbed top spot.
More information
Trusted by
