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Equity Release Schemes Slammed By Guardian

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http://money.guardian.co.uk/weekly/story/0,,1696237,00.html

Equity release will not be the safety net that so many people are counting on. What few realise is that the maths just do not add up. No wonder Which? recently condemned equity release as the "last resort" for pensioners.

This week we put the main equity release products through a consumer test, and the results are frightening. A "reversion" plan will grab nearly 60% of the value of your home if you want to release 25% of its value in cash at retirement. Do the same with a standard equity release plan, and it will eat up the entire value of your home after 20 years.

There is only one cheap and easy way to release value from your house: sell it. Take out some equity, trade down, and use the cash as you please - without some financial institution hovering over you.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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