White paper: Learning to Ski - Lifetime Mortgages and other ways to Spend the Kids' Inheritance
This white paper sets out to quantify the scale of the savings gap for baby boomers and how equity release will inevitably have to be used to help make up the shortfall. We then describe some of the challenges the industry must solve to make equity release more affordable for customers and as sustainable as possible for providers.


The UK has a crisis brewing.  In the next 10 years, around 8 million baby boomers will reach their state pension age, and almost a quarter of these will not have enough pension savings to give them a minimum standard of living.  Yet over-55s are more likely than any other age group to own their homes, and property wealth net of mortgage debt is estimated at almost £5 trillion. 

This trend has caught the attention of specialist later-life lenders.  The market for equity release more than doubled between 2015 and 2018, whilst at this stage customers are predominantly using the money for home improvements, helping their children or grandchildren and other one-off spending, the trickle of people using equity release to top up their pensions will become a flood as the wave of under-provisioned pensioners arrive.

Image shows Lifetime Mortgages journey today

LTM client journey today

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