Equity release 'a logical solution'
www.moneynews.co.uk > General finance > Equity release 'a logical solution'
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Equity release 'a logical solution'
Fri 23rd Apr 2010
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Director general at Safe Home Income Plans Andrea Rozario stressed that such a financial tool is not right for everyone, but it can be a great form of income for some individuals.
She remarked: "If you are planning your retirement and you need to consider what assets you've got, then it makes total sense to take into account your largest asset."
Her comments were made in response to the news from Bridgewater Equity Release that 30 per cent of its customers are plan on paying off their mortgage using released equity.
Ms Rozario highlighted how another reason that people are turning to equity release is to treat friends or family and help younger relations to get on to the property ladder.
In her view, equity release is an option that everybody should consider.
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