The FSA has issued a report warning that people should be made aware of the pitfalls of equity release from their home if they wish to avoid the scandals of certain equity release schemes that were around in the late 80's and early 90's.
Many people are considering equity release in view of the significant growth in the property market over the last few years and also the repercussions of people paying for residential care when they are older.
See Care Fees Adviser.com - you may lose your home in older age.
We have published a feature on equity release which we hope you find benefit. It explains what it is as well as some of the advantages and disadvantages.