IFAP urges consumers to seek equity release advice

The organisation says the demand for equity release advice, through its hotline and online search, has more than doubled since April 2004. Further, figures from the Bank of England show the amount of equity people unlocked from their homes in the last quarter of 2005 jumped to £11.8bn compared to £8.9bn the previous quarter. The guide, Equity Release – Unlocking money from your home, aims to demystify equity release plans by looking at the potential benefits and pitfalls of such schemes. It addresses questions including: How do equity release plans work? What are the different sc...