With two thirds of homeowners over 60 getting by on under £10,000 a year, Norwich Union data reveals that they now have over £841 billion or an average of £82,446 each, tied up in bricks and mortar.
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Plus...
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- Buyers now have a clearer view of the market
- Asking prices cut, but still no sign of buyers
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- Britons shun the UK and move abroad for a warmer climate
- Sales hit a new low - but recovery signs increase
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Gross mortgage lending totaled an estimated £18.7 billion in October, almost 7% higher than what was an admittedly weak £17.5 billion lent in September according to new figures from the Council of Mortgage Lenders.
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