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An increasing number of older people in the UK are deciding to travel the world, and even relocate abroad for lengthy periods it has been suggested.
This could inspire a number of people to find out how an equity release scheme could free up some of the cash tied up in their property in the UK to pay for a trip abroad, or for longer term accomodation.
Recently-released figures from Age Concern Enterprises have revealed that people aged over 65 years are travelling further afield and taking a number of trips in a single year. Many even choose to spend an entire Winter, or longer, in a better climate.
The firm said that 2009 saw a record take-up of its annual European and worldwide travel insurance policies for people over the age of 65 years.
Joe Young from Age Concern Insurance Services said: "Globe-trotting is no longer the reserve of the young. Over-65s are as likely to be travelling the world as younger generations as they search for ways to bring excitement to retirement.
"And as the population ages, we predict a travel boom which will see even more mature people exploring far-flung destinations."
Older homeowners in the UK who are curious about how the value of their property could provide them with enough cash for a much-needed trip can find out by seeking advice from a reputable scheme provider.