Is Equity Release Another Time Bomb Waiting To Go Off?

Wednesday and the BBC Today programme discussed the rise in the popularity of equity release as a way to bump up reduced earnings and highlighted the case of an elderly woman who released £90,000 from her home because she wasn’t entitled to any benefits. But who will eventually pay her bill? Is this just another type of pay day loan except without the pay day and what happens when you can’t settle the repayments?

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About goingitalone

All you need to know about me is on my posts. Right now, things are quiet. I'm trying to get back into blogging. Time - where is all the time!!!!

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