Equity release providing better lifestyle

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by Gill Montia

Equity release gives people access to the value they have built up in their home for their own use and is a choice for many looking to maintain or create a better lifestyle or to meet an unexpected financial need.

According to Intune Group, a subsidiary of Help The Aged, an increasing number of Britons are releasing equity on their homes to provide a comfortable lifestyle. The group added that these schemes are not only beneficial for people in financial trouble, but can also provide extra cash for people in retirement.

The company added that a number of children are enquiring on behalf of their parents to release equity from their property as inheritance is not a major issue for children.