Equity Release Improves Quality of Life
Published / Last Updated on 17/03/2008
Equity Release Improves Quality of Life
According to research by The Newcastle Building Society, most people would use equity release money to improve the quality of their everyday lives, ahead of financing luxurious holidays, doing home improvements or paying off other debts.
The research also revealed that one in four people would not know where to turn to for advice before taking equity from their home, although 45 per cent believed equity release was a good option for them.
Our view
Equity release is a high risk retirement planning strategy and you should take advice before entering into such an arrangement. There are some very good quality equity release schemes and poor quality equity release schemes.
Equity release can change your life for the good but you need to fully understand what you are doing with your property.
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