Retirees increasingly tying up state pension in home, says mortgage index

THE typical retiree in Ireland has 27 years worth of state pension tied up in their home, according to lifetime mortgage firm Seniors Money.

The latest Seniors Money index said Dublin seniors top the poll with an average of 39 times the annual state pension tied up in their home. This, it said is almost twice as well off as they were ten years ago when they had 19 years worth of state pension in their home.

Wicklow came second and Cork city, took third place.