ThisisMoney: Please release me
AN Englishman's home used to be his castle. Now it has to serve as his pension. With the surge in house prices, many retired homeowners who want to maintain their lifestyle or are struggling to make ends meet are tapping into the wealth tied up in their property. Equity release allows homeowners to cash in on bricks and mortar without having to move - and the market is growing quickly. But once started, it can be difficult, expensive or even impossible to undo these plans.