Monday 5 December 2016

Families pay high price for cashing in early on homes

Published 16/01/2016 | 02:30

Some 3,100 elderly homeowners are waking up to the true cost of equity release deals they made when the property market was booming, and house prices were more than a third higher than they are now
Some 3,100 elderly homeowners are waking up to the true cost of equity release deals they made when the property market was booming, and house prices were more than a third higher than they are now

They were marketed as a way to use your home as an ATM.

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Now the true cost of the cash withdrawals is becoming apparent.

Some 3,100 elderly homeowners are waking up to the true cost of equity release deals they made when the property market was booming, and house prices were more than a third higher than they are now.

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