Knight Frank Finance, the agency’s mortgage and insurance advisory arm, has launched a later life offering.
It is the first major player in the property sector to offer the service to over-55s, according to the firm.
The new team will offer a suite of products designed for older homeowners, including equity release and retirement interest-only mortgages.
David Forsdyke, head of later life finance at Knight Frank Finance, said: “The market for equity release is growing quickly. Over-55s hold the majority of all property wealth in the UK – circa 75%.
“We are seeing older people look to release equity from their primary residence for a number of reasons, including helping children financially, making home improvements and enhancing their quality of living, or to take the holiday of a lifetime.
“At the same time, we have seen a steady decline in pensions and savings, with retired people in the UK often finding themselves asset rich, but cash poor.”
The number of people aged over 65 living in the UK is forecasted to increase by 20%, to 14.4m, by 2027.
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