In Brief: Why have older homeowners received a £1.94 billion in property wealth boost in 2021? #FridayReads
Friday, 19 November 2021
These ‘big ticket’ expenses saw an average of £74,894 in borrowing being repaid and £72,520 being gifted. Over half of people who used their equity to support wider family and friends used it to provide a house deposit (52%) or an early inheritance (59%) – some of which was no doubt also put towards property purchase.
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