Equity release customers told 'don't rush in'

Carter says he is alarmed some press commentators have been recommending potential equity release customers to make their decision soon as house prices may fall in the near future. He claims releasing equity before the money is needed is almost always a bad financial decision. “For those looking to release the maximum possible amount of cash, releasing equity just a year ahead of when it is required is equivalent to a drop in property value of almost 5%; releasing 2 years early is the equivalent of a fall of over 10%”, explains Carter. He also says those who do not need the maximum amoun...