Increasing property prices are helping elderly Britons to remains positive, it has emerged.

Research conducted by financial services provider to the over-50s Saga reveals that many consumers in the age group are upbeat about their financial situation.

Homeownership is cited as one cause of this, with the accessibility of secured homeowner loans a potential contributing factor.

Chief executive Andrew Goodsell explains: "Baby-boomers have never had it so good, particularly with their finances thanks to soaring property prices.

"This study clearly shows that they are also the most relaxed and dispels the view that many have a mid-life crisis when they reach their 50s."

Some 70 per cent of over-50s told the researchers that they think there is more pressure on younger people to buy a house now than there was 20 years ago.

But homeowner loans remain a means of boosting finances for many households, with figures from Credit Action showing the proportion of lending secured against property increased in the 12 months to 2006.ADNFCR-1287-ID-18324006-ADNFCR

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