Equity release increasingly used to help family members onto the property ladder

Even with recent falls in house prices first time buyers are finding it difficult to raise the necessary deposits to find the purchase of their first home.

One of the major uses of Equity Release products is to provide financial help to family members in order to help them afford their first home. Ashall Glover Financial Services are advising an ever increasing number of homeowners in this area.

As with all financial products it is advisable to seek professional advice when considering equity release for this purpose. Louise Tilston of Ashall Glover Financial Services commented "Equity release is a viable option, but it is very much down to individual circumstances as to whether it is the right option. By utilising the services of independent specialists, homeowners can rest assured they can understand the exact way in which equity release products work and make an informed decision as to how they wish to proceed."

Ashall Glover Financial Services are equity release specialists and have produced a series of free equity release guides to benefit all of those considering equity release.