Bank of Gran and Grandad pays out average £39,350 One in five retired homeowners releasing equity to help out family More than two-fifths (44%) helping out their children are doing so to the tune of £20,000 ​Pensioners taking advantage of their property wealth are gifting over £39,350 to their family, analysis from leading over 55s retirement specialist KeyRetirement.com shows. Its data shows over one in five (21%) retired homeowners are accessing the money in their homes to treat their children...Read more

A third of over-55 year olds have considered downsizing in the last five years The issue of selling the family home is often fraught with emotion, so often the home we live in is a vessel for memories and parting has far more than financial gain as a consideration. RICS is calling on Government to expand the nation’s housing supply across all sectors – from owner occupied, social housing and private rented sectors – through their new Residential Policy Paper....Read more

Pensioner property wealth hits £891 billion Over-65 homeowners are £3,700 better off on average over three months, Key Retirement Pensioner Property Index shows Retired homeowners have seen their property wealth grow by nearly £17.5 billion in the past three months as house prices continue to climb earning the average pensioner more than £1,200 a month, new analysis* from leading over-55s financial specialist Key Retirement shows. Pensioners who own their homes outright have gained an average of £3,725 each from their...Read more