Equity release and the real world
Sure, these are extenuating circumstances and can’t be nice for the people involved but lets look at it rationally shall we. If a bank gives you a mortgage and you miss a few repayments, they take that house back quicker than you can say Charlie Dimmock. Yet nobody complains as it is the way of the world.
Now compare this to equity release. An equity release company agrees to buy your home from you in a home reversion deal and allow you to live their rent free for the rest of your life. No mortgage payments, no tax, nothing. Shucks that is good value.
