Top priorities for retirees highlight health and independence
When asked to identify priorities for retirement, respondents overwhelmingly emphasised good health (96%), maintaining independence (95%), and ensuring financial security (95%). Furthermore, 92% of individuals highlighted the significance of staying in their own homes as they age[1].
This desire for independence highlights the struggle many face when adapting their homes to accommodate evolving physical and medical needs. More than three-quarters (78%) of those surveyed valued the ability to make home modifications, such as installing stairlifts or walk-in showers. However, over half admitted to feeling anxious about how they would fund such renovations should their health deteriorate.
How lifetime mortgages offer a solution
For many adults in the UK, the equity in their homes represents a significant yet often untapped resource. Lifetime mortgages, which enable homeowners to access a portion of their property’s value while retaining full ownership, offer a potential solution.
By releasing equity tied up in their homes, retirees can secure funds to cover essential expenses, ranging from medical bills to in-home care or home adaptations. This financial tool enables individuals to modify their surroundings in a way that supports independence, without the pressure to sell their home or downsize.
