The cost of equity release schemes has fallen by 2% in the past 5 years.
Though rates on equity release schemes are fixed at the start of the term, many retired homeowners could save by switching to cheaper products through equity release remortgage deals.
Dean Mirfin, business development director of specialist adviser Key Retirement Solutions, told the [...]

Equity release can be one of the most useful financial products for home  owners in need of a little extra income. With all of the options out there, however, finding the best scheme for you can be daunting. This short guide will outline one type of equity release, home reversion plans, and information about other [...]