Two thirds 'would never use equity release'

The survey of 1000 people shows just 35% would consider the products. Duncan Young, managing director of Retirement Plus, says many consumers do not need equity release. He says: “Everyone makes lots of assumptions about how people will act but people actually are much more logical and rational than the pundits say. People are working longer, rearranging their finances in different ways so they don’t actually need to do equity release. “Equity release comes down to a real desire to use money for a particular purpose like a holiday or helping kids, or it’s almost a last resort.” The r...