Money Box Live: Equity Release
Could releasing cash from the value of your home be a good way to fund retirement, clear debts or help children with a cash lump sum, or is it creating problems for the future?
Equity release is a way that older homeowners can borrow against the value of their home or sell part of it in exchange for a cash lump sum or a regular income.
Over 拢2bn was released from property in this way last year, frequently to clear a mortgage, pay off debt, provide a better retirement or to help children with a cash lump sum. But is this growing trend always a good idea or could it lead to future financial problems?
Joining presenter Louise Cooper to explore the benefits, risks and costs of Equity Release on Wednesday 7 June will be:
Dean Mirfin from Equity Release specialists Key Retirement.
Annie Shaw, founder of financial advice website Cashquestions.com
We'd also love to hear your questions and experiences. Call 03700 100 444 from 1pm to 3:30pm on Wednesday 7 June, standard geographic call charges apply. Or e-mail moneybox@bbc.co.uk now.
Presenter: Louise Cooper
Producer: Diane Richardson
Editor: Andrew Smith.
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- Wed 7 Jun 2017 15:00麻豆社 Radio 4
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