What is Equity

This is an expensive world we live in, with the rude shocks at every turn. One of these is the finding that retirement is not exactly as quiet or comfortable as you thought it would be. You have not really been able to do everything you planned, taking into huge cost is often a difficult choice to make. You have chosen to be without a little luxury, and are more wary than ever of money. Obviously this is not how to provide retirement to be like.

, however, a lot of people going through exactly the same thing. Inflation and shortages combine together to make life very skupo.Puno retired people find that their pension fund, savings and investments are not enough to satisfy requirements in retirement, particularly age. So, more and more people are willing to consider equity release as a means to escape from their main means of income-their home.

If you own a home, equity release May just respond to their financial difficulties. Although not ideal, this is definitely one worth considering if-

You are not entitled to any benefit under any Government or private plan (or have already been claimed) If you have any easy way of borrowing money for certain tasks - from family, friends or local authorities. If you keep track of all your retirement and still want. If you've dipped into your savings and the sale of other investments / assets. You are not comfortable with options such as renting rooms, or switch to smaller, low-maintenance place.