Retired homeowners £7,000 better off

Chris Wheal

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Vic Allen/home
Vic Allen/home

Retired homeowners have seen their property wealth grow by £7,100 each in the past year as house prices soar, according to Key Retirement Solutions.

Pensioners who own their homes outright have earned nearly £600 a month from their houses and their property wealth is now at its highest level since the firm started monitoring the housing wealth of the over-65s in March 2010.