Responding to a recent report by Scottish Widows that found a growing number of retirees have substantial
Speaking to BBC One’s Breakfast programme, a spokesman for Which?, said that older people are increasingly taking on new debt to help their children onto the property ladder.
As people choose to take on greater debt in their retirement, this can increase pressure on retirement income, he warned.
“You haven’t actually got a steady income, you are having to draw upon your pension payouts or
“And if you have to pay a
Abbey recently found that 23 per cent of first-time buyers turn to their relatives and friends for information and advice about their first home.
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