Equity release: cash in the attic?

Over-60s own about £750bn worth of non-mortgaged property in the UK. However, many of these homeowners approaching retirement significantly overestimate how much they will get from their pension. According to research from Just Retirement, equity release could be the answer for many of these people – but lack of trust in the market and no clear government policy has stifled its widespread use. Changing perceptions Just Retirement wants to change the perception of equity release in the eyes of politicians, advisers and customers. It commissioned research – The role of housing equi...