Consumer Giant Warnings on Equity Release

UK Consumer advice organisation Which? have warned potential equity release borrows of the dangers relating to takine out this type of home owner loan in a report that has been slated as ‘outdated’ by equity release lenders. Although popular in the UK equity release is know as reverse mortgage in the US. Which wants borrowers to take into account what an equity release scheme could mean for those who’s circumstances may change in the future.

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