In his latest blog, Richard Carr looks at the increasing role that the UK property market is playing in retirement planning.
Stored wealth used in retirements
Richard Carr has gained planning permission on property for himself and his clients throughout his career in the industry. He is currently employed by Jacob Carr Homes Ltd as a Commercial and Residential Development Consultant.
The latest industry figures from the Equity Release Council (ERC) highlight the surge in the number of retirees using the wealth stored in their home to fund their retirement.
Lending passes £1 billion in 2014