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UK Homeowners Borrow £510 Million Amid Tax Changes

3/16/2025

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Summary

Story summary

In the UK, a growing number of older homeowners are tapping into their property equity to sidestep impending inheritance tax changes. Financial advisers note a nearly 7% surge in equity release loans, with 5,700 homeowners borrowing £510 million in 2024. However, experts caution that this approach could result in substantial debt burdens.

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Story summary

In the UK, a growing number of older homeowners are tapping into their property equity to sidestep impending inheritance tax changes. Financial advisers note a nearly 7% surge in equity release loans, with 5,700 homeowners borrowing £510 million in 2024. However, experts caution that this approach could result in substantial debt burdens.