Equity release unpicked

With recent figures released showing thousands of elderly Brits are now entering retirement and still paying off their mortgage, coupled with Britain’s ‘ticking time bomb’ of interest-only mortgages, equity release appears to be firmly back in the mix of financial options. Although equity release schemes may not be the obvious choice for some people, there are a lot of circumstances in which the products can be beneficial to individuals. Lately we have been receiving a higher than usual number of enquiries on whether equity release can be used to bridge the gap for clients reaching re...