Equity release has many pros and cons, but has recently become an alternative to downsizing or pension-raiding for the asset-rich, income-poor.
The UK government’s recent White Paper, Fixing Our Broken Housing Market, seeks ways in which ageing homeowners with surplus space can downsize to improve their quality of life (and to free up property for couples). The equity-release sector has another solution for older owners: stay put and utilise the surplus property equity.
Download and read Richard Northedge's article on equity release in full (PDF).
This article was first published in Financial World
, the journal of The London Institute of Banking & Finance.