Just rewards

The fastest growing area of the mortgage market is equity release. An increasing number of people aged 60 and over have an inadequate pension or need a lump sum for some essential or desirable expenditure, which means that using the equity locked up in their home can be an excellent way of generating the cash if other possibilities have been exhausted. However, more than half of those people who release cash from their homes do so because they wish to generate extra money to spend each month rather than a specific capital requirement. Often they secure this income by releasing equity in t...