Julian Knight – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Julian Knight on 2016-05-25.

To ask Mr Chancellor of the Exchequer, what studies and research his Department has undertaken or commissioned on the potential benefits of equity release on retirement incomes; and if he will estimate the potential effect on the public purse of a lower take-up rate of means-tested old-age benefits resulting from greater use of equity release.

Harriett Baldwin

Figures published by the Equity Release Council, an industry body, on the extent of equity release lending are available here:

http://www.equityreleasecouncil.com/document-library/equity-release-market-report-spring-2016/

The Government has not undertaken or commissioned any recent studies on the relationship between equity release and means-tested benefits.

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