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Homeowners in England and Wales could access the equivalent of five years’ worth of retirement income by using equity release, according to analysis by Legal & General Home Finance (LGHF) of median local house price data recently released by the Office for National Statistics (ONS).
The most recently available ONS data of median house prices in England and Wales, for the period up to September 2022, still showed an average increase of 2% over the last year, despite market volatility.