Releasing some of the equity in your home is an option becoming increasingly popular with homeowners aged over 55. The schemes enable them to borrow an amount set against the value of their home. Interest payments are usually deferred until the selling of the property, death of the owner or if the owner enters long term care. Equity release is an attractive option for a range of reasons. Homeowners might want to carry out improvements to their property, they may wish to help children purchase their own home or use…
Read MoreTips for choosing the right equity release scheme
