| |
Centre for Policy on Ageing | |
 | |
|
Selling off the family silver
— can releasing equity from poorer, older homeowners deliver a better housing deal? | | Author(s) | Paul Hackett, Paul Hunter |
| Corporate Author | Smith Institute; Hanover |
| Publisher | Hanover, Staines, 2013 |
| Pages | 18 pp (The hanover@50debate, 3) |
| Source | Downloads at: http://www.hanover50debate.org.uk/debates/debate-n... |
| Annotation | This is the third in a series of ten think pieces from leading UK think tanks to mark Hanover's 50th year in providing high quality housing and related services for older people. The authors argue that equity release may become a mainstream product in the future out of sheer necessity. Many asset-rich, income-poor older homeowners are living in inappropriate or 'non-decent' homes, but cannot afford to refurbish or adapt them, or buy somewhere better. Although equity release provides a homeowner with cash in exchange for some or all of the value of their home, the sector continues to have an image problem. Housing associations seem reluctant to offer equity release themselves, but facilitating access could help their residents to release money to fund additional care and support. This item is also a chapter in 'Perspectives on ageing and housing: insights by leading UK think tanks' (RH). |
| Accession Number | CPA-131127011 E |
Data © Centre for Policy on Ageing |
|
| ...from the Ageinfo database published by Centre for Policy on Ageing. |
| |
|