Equity release 'funds comfortable lifestyle'
www.moneynews.co.uk > Mortgages > Equity release 'funds comfortable lifestyle'
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Money News |
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Equity release 'funds comfortable lifestyle'
Mon 16th Jul 2007
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Glenn Osgood, partnership manager at Intune, a subsidiary of Help The Aged, said that there was a lot of confidence in the market to release equity now.
"With the advent of the FSA regulation that covers the lifetime mortgage and reversion schemes, there's a lot more consumer confidence in the market place," he said.
This contrasted to a period in the 1980s when a number of people ended up losing their homes.
Mr Osgood said that many people release equity from their property in order to fund a better lifestyle in retirement.
He also said that inheritance was not such an important issue for children, adding that a number of children are enquiring on behalf of their parents to release equity from their property.
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