Equity release shared ownership

Nigel King, Philip Leather

By 2006 there will be over 7.1 million households headed by a person over retirement age in Britain and as many as 70 per cent will be home-owners.

The majority of older home-owners wish to remain living in their existing houses, but many have problems in meeting the costs of adaptations, renovation and home care.

This study by Nigel King Associates and Philip Leather of South Bank University looked at existing and potential
opportunities for older owners to sell part of their equity to meet the costs of adaptation, repair, improvement and maintenance without having to move.