Equity Release Can Limit the Choices for Oaps Later On ; Personal Finance

Summary


Pensioners struggling to make ends meet should only consider unlocking equity from their home as a last resort, a consumer group has warned.

Which? said equity release schemes could be expensive, inflexible and leave people little or no equity, severely limiting choices later in life.

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Extract


Equity Release Can Limit the Choices for Oaps Later On ; Personal Finance

It added any money released could also affect the amount of means- tested benefits available.

Equity release enab...

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