Property News · August 1, 2015

Is equity release a sensible way to provide for your old age?


Taking out a ‘lifetime mortgage’ on your home might seem like a good idea, but there is a downsideUsing your home as a cash machine to help fund your retirement is becoming an increasingly mainstream option. It emerged this week that schemes which allow older people to unlock some of the value tied up in their property are enjoying record take-up. So should you take the plunge?Before you think about equity release, consider all the alternatives Continue reading…

Source : theguardian.com
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