“There are other options available for older people looking to release money. One being downsizing to a purpose-built retirement development. We know that people who make this decision value lifestyle factors, such as friendships and a ready-made community, as much as the financial advantages.
“We would recommend anyone considering their options look at getting independent advice, not linked to an equity release company, before making any final decisions.”
Nick Freeth, is Managing Director of Retirement Homesearch, Britain’s number one retirement property specialist.