Wrinklies to the economic rescue
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Pensioners are doing their bit to spur the country to recovery.
Not only are they sacrificing a big part of their retirement income for the benefit of indebted home buyers but, according to Key Retirement Solutions, they will draw down something like £540m from equity release schemes this year for home improvements.
This is good news for B&Q as well as tradesmen around the country who have been feeling the pinch ever since the economy demonstrated how house prices can go down as well as up.
Source:
Lending Strategy
