Property News · September 16, 2017

Over-55s take out £8m a day from their homes


With the equity release market booming, here’s a guide to unlocking the value in propertyEquity release is booming, with older people withdrawing almost £8m a day from their homes, it emerged this week. And there are more schemes than ever available to over-55s looking to unlock the value tied up in their property so they can, for example, pay off their interest-only mortgage.There are 78 product options available for releasing equity – more than three times the number a decade ago. And we could soon see the arrival of a new breed of interest-only home loan for older people that would last until someone died or moved into care. Continue reading…

Source : theguardian.com
Read more…Over-55s take out £8m a day from their homes

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