Can equity release help older home-owners improve their quality of life?

Rachel Terry and Richard Gibson

Can equity release help more older people remain in their homes?

Around a million older home-owners have at least £100,000 of housing equity, yet they can’t afford the practical help they need to enjoy a good quality of life at home.

This Solutions document reveals how JRF has been working with local authorities, the equity release industry, voluntary bodies and relevant government departments to develop equity release packages that help older people access funds without threatening their entitlement to benefits.

Three local authorities are now piloting these equity release schemes, independently assessed by JRF and expected to run until summer 2011:

  • The Royal Borough of Kensington and Chelsea
  • Maidstone Borough Council
  • The London Borough of Islington

Access a collection of material used by the equity release pilot schemes, including questionnaire forms (these are linked to the Annexes for assessment excel worksheets), an example of a project initiation document, dos and don’ts of signposting, and a question and answer briefing.

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