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Equity release, where people take cash from the value of their homes, has boomed in recent years. But what seems a simple financial product can turn families upside down when the loans are taken out in secret.
Almost four out of five (79%) over-55s with fixed rate mortgages are concerned about being able to afford repayments once their current deal comes to an end, new research reveals. Key Later Life Finance's nationwide study of over-55s who have mortgages found 20% of respondents say they are ‘extremely concerned’ about
Homeowners over the age of 65 made nearly £17,000 on their houses in the last year, despite the recent market uncertainty, Key Later Life Finance has found. New research by the equity release adviser revealed that total property wealth owned outright by over-65s has risen by £167bn – an average of £16,658 for each