Your fifties can be a time of financial plenty for many people. The chances are that the children have left and set up homes of their own, your mortgage could well be paid off, and you might even be considering early retirement – which you may be able to do as early as the age of 55.
Equity release – which allows older homeowners to cash in on the value built up in their homes is on the increase. More than 11,000 equity release plans were agreed in the first three months of this year alone, according to the Equity Release Council. This is a record number – so why is equity release becoming more popular than ever before?
Starting a family is a big step. You need to ask yourself some important questions. What will it cost, and how can you be sure of having the money you need? Plus, as the coronavirus epidemic has shown you also need to ask how those questions would be answered if you were not there.
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