| |
Share, Like & Tweet!
|
|
|
< back to news stories
Pensioners Using Equity Release To Escape Debt
07/10/2010
One third of retired homeowners are releasing money from their property via equity release schemes, to pay off their debts.
Research by the University of Birmingham carried out for the charity Age UK found more than a third of those aged over 55 are using equity release to clear debts, with the most popular reason still being to pay for home improvements which accounts for half of all equity release.
Home improvements such as; conservatories, new kitchens, bathrooms and landscaping being the most popular projects.
Pensioners are using equity release so they can enjoy their retirement and even pay for long-term care.
Homeowners aged over 55 years who are concerned about debt or who just wish to carry out home improvements and would like to know how much money the value of their property could release to help them through their retirement, can find out by contacting therightequityrelease.co.uk for equity release advice.
|
| |
|