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Equity Release Might Help with Higher Energy Prices
04/02/2011
According to new statistics from uSwitch, recent gas and electricity price rises have added £560 million to energy bills in the UK, with some 24.6 million customers having been affected by the price rises, which have added an average of £56 or 4.7% to their bills.
The average annual gas and electricity bill now stands at £1,250.
For those in or nearing retirement, any increase in living expenses is a worry.
Equity release might be the answer to increase the income of those with poor pensions and few savings.
Homeowners aged over 55 years who are worried about increasing energy costs and would like to know how much money the value of their property could release to help, can find out by contacting therightequityrelease.co.uk for equity release advice.
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