Government urges further equity release research
29-12-2009 09:46
A recent Government report calls for positive action in response to the UK's ageing population.
The report urged insurance companies to undertake further research into equity release products that would enable older people to pay for housing costs, such as adaptations or extra care within their own homes.
Andrea Rozario, director general of trade body Safe Home Income Plans, said equity release providers do offer products that enable consumers to release equity to pay for housing costs and alterations to the home. Equity release would also pay for things like employing a gardener and general care in the home. The lender is looking at working with local authorities on this initiative.
Louise Tilston of Ashall Glover Financial Services commented “We provide a great deal of literature and other support to ensure that those considering equity release are fully informed of the exact process and conditions of the plan they undertake. As fully independent specialists we are committed to searching the entire market to find a plan that is right for our clients.”
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.