A number of people working in the UK could become concerned about their job security after unemployment continued to rise last month.
This could inspire a number of homeowners, in particular those aged over 55 years, to find out how a lifetime mortgage could provide them with a tax-free cash lump sum.
Official figures from the Office for National Statistics (ONS) have revealed that UK unemployment has now reached 2.47 million, an increase of 23,000.
Commenting on the rise, Edward Winterton, recruitment finance specialist at Bibby Financial Services, said: “It’s disappointing to see that the level of unemployment across the UK is on the rise.
“These figures reflect the lag effect the recession is having on jobs, with factors such as the rising levels of business insolvency … and further redundancies adding to the rise in unemployment.”
Homeowners aged over 55 years who are curious about how the value of their property could boost their income can find out by using the equity release calculator provided by Key Retirement Solutions.
Posted by Richard Planner
