Below are three common myths surrounding Equity Release:

Being able to support your family financially in times of need is something that many people wish they could do.

The Bank of Mum and Dad continues to be a regular presence in the UK housing market with 1 in 4 housing transactions dependent on the generosity of parents.

THE SITUATION

Martin and Sandra had owned their buy-to-let property for over 25 years and had fully paid off the mortgage.

The main motivating factor for around 1 in 5 individuals when choosing to release equity from their home is to reduce mortgage debts and pay off any outstanding credit cards and loans.