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Submitting. “Equity release is becoming more mainstream, people understand it much more than they did 10 years ago. It’s a way of releasing cash from your house without having to move.” Growing numbers of older homeowners use the loans as a way of borrowing money against the value of their properties. However, homeowners who took out an equity release loan six or more years ago could be on an historic rate of around 6 per cent, which was standard for conventional mortgages around that time, according to Mr Auckland. The decline in interest rates has left people who were on products which were once regarded as offering an acceptable rate facing a raw deal.

North yorkshireUnited kingdomEamonn holmesTim loyAge partnershipLeeds based age partnershipYorkshire post newspapersPure retirementPremier clientவடக்கு யார்க்ஷயர்ஒன்றுபட்டது கிஂக்டம்நேரம் விசுவாசம்வாழ்நாள் கூட்டுயார்க்ஷயர் போஸ்ட் செய்தித்தாள்கள்தூய்மையானது ஓய்வு