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Consumer demand for retirement borrowing

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Published: 1 November 2015

As the UK population ages, and state responsibility for direct provision of income security, housing, and social care declines, individuals are required to take greater responsibility (and associated risk) for funding their own needs in retirement.

This report explores:

  • The drivers of demand for retirement borrowing while appreciating that customer needs are likely to change quite considerably over the next few decades.
  • The financial product options currently available for older people, including conventional mortgage borrowing, unsecured consumer borrowing, unregulated borrowing options and equity release, and the limitations associated with each of these ‘options’.