If you think about the problem inherent in the UK's retired population having too much property and not enough pension, there is an obvious solution: equity release.
People get old and they run out of cash, but as they can't bear the thought of raising that cash by moving, it makes sense to borrow against the house and stay.If you have spent most of your life paying for something, it seems a bit rubbish to have to leave it just when you have the spare time to enjoy it.
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