Age Concern launches equity release product

Gordon Lishman, director general of Age Concern Britain, warned older people should check they are receiving all the benefits they are entitled to and have explored all other options before committing to an equity release product. Lishman said: “Many older people find it frustrating to have their wealth trapped in their property while they struggle to manage on a low income. Unlocking capital in their home is one way to raise cash to cover basic living costs or simply to make retirement a little easier. “We have been contacted by thousands of people who are considering equity release...