Rising numbers of 50+ mortgage borrowers gifting family with funds🎁

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Rising numbers of 50+ mortgage borrowers gifting family with funds🎁

There has been a 30% rise in the number of mortgage customers aged 50 and over who spent their loan funds giving financial gifts to families.

According to Hodge, the rise occurred between 2019 and 2021, with debt consolidation also increasing by 15% during the same period.

In fact, between 2020 and 2021, 27% of Hodge 50+ customers stated they were using the capital for debt consolidation. To continue reading, please Click Here

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