It is really interesting to note the considerable increase in men and women over the age of 60 who are now making the decision to divorce. Certainly, we at Hedges have a real variation in terms of the ages of our clients and the option of divorce proceedings is by no means limited to the younger generation.

What needs to be borne in mind is that different considerations may need to be taken into account when determining what an appropriate settlement would be for people nearing or past retirement age. Housing needs will inevitably be at the forefront and often rehousing into two separate households where one or both parties are retired may be extremely difficult without a mortgage capacity or the prospect of additional future income. 

The appropriateness of achieving equity release via a lifetime mortgage may well be something to consider, dependent upon all of the factors of each specific case.

In circumstances where the divorce rate in the over 60's is continuing to rise, options such as this will become all the more relevant when considering how a reasonable settlement can be achieved.