One million plan to use equity release to add to their income

A survey carried out by Liverpool Victoria has found that more than one million home owners are planning to cash in on the rising value of their property to help fund retirement through using equity release products.

Around 12% of those questioned have opted to save less for their retirement because they believed the value of their home would continue to rise. Recent falls have affected property values, but equity release offers the prospect of supplementing pension income.

Over the last few years, equity release has grown in popularity. The property boom has left many sitting on large amounts of property cash, which is where equity release products are used.

Louise Tilston of Ashall Glover Financial Services commented “The potential benefits of equity release must be fully explored, and for many a wide range of people, the advantages can make a significant difference. Our free consultations allow all of those considering equity release the opportunity to discuss their situation with us and understand the options that are available.

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