@imbrium_photography

I always thought #equityrelease was not such a good idea, precisely for this reason....

It will be little surprise to you that the combination of #costoflivingcrisis, #houseprices remaining high & the need for parents to help their children through these crisis has led to a 28% rise in #equityrelease plan(s) purchased year-on-year 2021-22 (FCA data obtained by FT).

Sitting on a #mortgage free asset has led the over-60s to 'release' equity to support themselves of their children... for the #financialservices firms offering the service its just one more way to profit from our pain!