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Equity Release to Boost Low Savings
03/12/2010
According to one expert many people in the UK have underestimated the importance of having a savings safety net.
The Managing director of Yvonne Goodwin Wealth Management Ltd, said: "I think it's been so easy to get a credit card and rely on that as your emergency fund and totally overlook the high interest rate that you are going to have to pay. A retirement in poverty doesn't appeal to anybody, especially if you can do something about it when you're young. The sooner you start putting something away the better."
Equity release might be a solution for those who have not amassed sufficient savings to help them during their retirement.
Homeowners aged over 55 years who are concerned about their savings 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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