By Chris Torney in SAGA Magazine.
For older homeowners who need some extra cash to supplement their pensions, equity release has a lot to offer. Equity release plans allow you to access some of the value tied up in your property, either as a lump-sum payment or a regular income stream.
But equity release is not always easy to understand and many people – quite rightly – have a number of questions about how the schemes actually work. Below, we look at four of the most common concerns that individuals have about equity release, and separate the reality from the myth.
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