Unlocking the value in your home

There are various equity release products on the market for homeowners who are trying to free up some money, writes Ros Drinkwater.

27th January, 2013
Photo: Alamy

For many years, a financial product known as equity release offered a safety net to older homeowners in financial difficulties by allowing them to take a loan secured against the property. The crucial selling points were that it did not need to be repaid until the sale of the house, or the death of the owner, and the money could be taken as a lump sum or paid in instalments.

When these schemes mushroomed in...

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