Main content
Sorry, this episode is not currently available

Equity release

The number of homeowners using "equity release" to realise some of the increasing value of their properties has risen by a quarter over the past 6 months.

The number of homeowners using "equity release" to realise some of the increasing value of their properties has risen by a quarter over the past 6 months.

Equity Release is a type of long-term mortgage against your house, where interest builds constantly but isn't paid off until you die or go into long term care.

One point 6 billion pounds of housing wealth was released using this scheme in 2015, and the trend for doing so continues to rise.

3 hours

Last on

Wed 13 Apr 2016 06:00

Broadcast

  • Wed 13 Apr 2016 06:00