Summary
CASH-STRAPPED pensioners withdrew more than Pounds 1 billion from the value of their homes last year, according to the Council Of Mortgage Lenders.
But research by the charity Age Concern shows that fears of up- front charges amounting to more than Pounds 1,000 are putting many more elderly people off cashing in on the wealth in their homes.See the full content of this document
Extract
Pensioners Are Afraid to Cash in ; Moneymail
Nine out of ten equity release schemes are lifetime mortgages. With these you make no repayments; instead interest is added to the original loan and paid o...
See the full content of this document
Sponsored links
