'Treat equity release as a last resort'

September 2008
Community Care;9/25/2008, Issue 1740, p9
The article reports on the warning of "Which?" to the pensioners and their families to turn to equity release schemes as a last resort only to meet care, support and housing costs. "Which?" states that equity release can cause major problems when the homeowner's circumstances will change. Moreover, any money from equity release can also alter the amount of means-tested benefits that pensioners are entitled to.


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