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Remortgaging in Later Life research report

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The Family Building Society delighted to announce the publication of their new research report, ‘Later life borrowing in a world that’s living longer’.

Working with the London School of Economics they have examined why older borrowers remortgage and what they do with the funds.

They would like to thank those of you who took the time to help them with this research, as your input was invaluable.

Their new report looks at;

  • how older home owners are spending their housing wealth now rather than using their accumulated equity to provide for their future long term care needs
  • how older borrowers’ priorities are more immediate, choosing to focus instead on helping family members financially or to support their own needs, such as;
    • refinancing an existing mortgage
    • improving their existing home or buying a second home
    • helping their children / grandchildren buy a home or pay for education.

If you have any questions or have a case you would like to discuss, please contact your local Business Development Manager or their Mortgage Desk.