Lengthening the Ladder: The future of mortgage borrowing in older age

This report from ILC-UK outlines how the demographic and economic shifts are set to interact so that borrowing in retirement is expected to double by 2030.

It highlights that the over 65s currently own around £1.5 trillion in housing wealth – accounting for 39% of self-reported housing wealth in the country.

By 2030, this is projected to have more than doubled to £3.27 trillion – 58% of all housing wealth. As a consequence, today’s niche market is to be tomorrow’s mainstream. It recommends that government should provide more initiatives to unlock this market