This a question that an increasing number of people are beginning to ask themselves in the current economic climate. With the cost of living continuing to rise, and the prospect of any rise in the government aged pension looking very unlikely, more and more people are seriously considering equity release and reverse mortgage finance.

If you own your own home, and are over 55 years of age you may qualify. However, it will also depend on where your house is located and how much it is worth.  You can take funds as a lump sum, monthly instalment or line of credit and in many cases the loan can be structured so that it does not affect your pension.

This entry was posted on Tuesday, July 15th, 2008 at 3:59 pm and is filed under Equity Release Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.