UK’s Asset-Rich, Cash-Poor Retirees Revive Niche Debt Product
A rare type of asset-backed security is making a comeback as Britain’s retirees seek to unlock some of the value they’ve built up in their homes during a period of...
By Abhinav Ramnarayan · Bloomberg Markets
A rare type of asset-backed security is making a comeback as Britain’s retirees seek to unlock some of the value they’ve built up in their homes during a period of exponential house-price growth.