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Equity Release Instead of Using Savings
20/10/2010
New research from Price comparison site moneysupermarket.com says that 56 per cent of Britons have used some of their savings as the effects of inflation bite and a further 26 per cent admitted that they would not hesitate to use some of their savings if they needed the money.
Clare Francis, moneysupermarket.com site editor, said "Poor savings rates coupled with rising living costs are really squeezing British families. Whilst generating more income on savings is important, people should be doing everything they can to lessen the effects of the current economic environment."
Homeowners aged over 55 years currently considering using savings and would like to consider equity release as an alternative and would like to know how much money the value of their property could release, can find out by contacting therightequityrelease.co.uk for equity release advice.
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