A report by LV= shows that over a million retirees will have outstanding mortgages when it comes to their turn to retire.
This is a huge amount of money to find and will certainly be a determining factor of when people choose to retire.
The Pension reforms will certainly help some people find a way to pay off this debt, but will this help the majority?
Speaking to independant advisers such as Viva Retirement Solutions could help you, your friends or your clients find an answer that suits them.
When taking into account the whole picture for each client, Equity Release and Lifetime Mortgage could be a viable solution to help them when they need it the most.