Parents would release £10K equity to help kids

A survey of 1,142 people conducted by the Equity Release Solicitors Alliance (ERSA) found one in seven respondents would release up to £10,000 for their children, and a quarter would consider releasing up to £20,000. The most common uses of equity release for children and grandchildren were to help with house deposits, mortgage repayments, rent, or university fees. Claire Barker, chair of ERSA said: "Traditionally equity release is taken out to enhance people's retirement but according to our research, people are increasingly looking to release equity in their homes to help their fami...