Home & Capital to launch tax free version of equity release

Home & Capital has introduced a tax-free variety of equity release called the Freedom Plan for homeowners aged 65 or over that allows individuals to stay in their home until death in exchange for sale of part or all of the property. The Freedom Plan operates by matching retired homeowners wanting to increase their income, without taking on more debt, with investors willing to buy all or part of the equity in the property. Managing director at H&C Graeme Marshall says new players are moving into the market but sometimes offer similar products which leave homeowners vulnerable to de...