Summary
Despite major changes to state and private pensions outlined by the government this year, many older people obviously see bricks and mortar as a more reliable guarantee of a comfortable old age.
While state pensions increase slowly, the over-60s are living in properties worth more than pounds 750 billion - and if they fancy a cruise, car or ready cash for home repairs, an equity release loan drawn against the value of their home invariably offers the cheapest credit available.See the full content of this document
Extract
Cashing in On Equity Release
Phil Veale, of Age Concern Enterprises, says: "Some people really need equity release to provide those vital few extra pounds each week, others want it for cars and conservatories.
"The first group tend to make a quick decision, the second might mull it over for a year or more."According to Dean Mirfin, at Key Retireme...See the full content of this document
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