TITLE

'Treat equity release as a last resort'

PUB. DATE
September 2008
SOURCE
Community Care;9/25/2008, Issue 1740, p9
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
34985709

 

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