In part this is because of the problems within the financial system. As savings and investments fail to perform, a generation of homeowners has found they need to explore new avenues of funding thier retirement.
And equity release has become an increasingly popular option. Even in an environment of falling house prices, the value of equity tied up in homes is a huge resource that is often left untapped.
Unlocking this value can make a huge difference to your latter years – whether it’s clearing old debts, supplementing a pension or simply having that dream holiday.
Equity release: recession-buster?
As the market has grown, so to has it’s reputation. This is mostly down to Safe Home Income Plans (SHIP), the industry body representing the vast majority of providers. SHIP’s code of conduct means the market now conforms to standard principles that protect customers and encourage best practise across the field.
As britian’s population continues to age, equity release is sure to become further ensconsed in the mainstream of retirement planning. And with such a range of quality products and providers, its success is assured.
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