Centre for Policy on Ageing
 

 
Equity release
Corporate AuthorNational Consumer Council - NCC
PublisherNational Consumer Council, London, 1999
Pages56 pp (PD 24/F/99)
SourceNational Consumer Council, 20 Grosvenor Gardens, London SW1HW 0DH.
KeywordsHome equity release schemes ; Consumer ; Reports.
AnnotationEquity release schemes are financial products that allow homeowners to release the capital available in their property above any amount owed on a mortgage. This report examines different schemes that are available and what they mean to the consumer. The National Consumer Council (NCC) concludes that equity release is not a simple answer to public sector funding problems for housing repair, pensions, or long-term care. However, equity release schemes could benefit the poorest and older people - but only if properly regulated and managed, and detailed advice and information is available to consumers. (RH).
Accession NumberCPA-990511218 B
ClassmarkWQB: WY: 6K

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