Ready, steady... but not quite go: Older home owners and equity release: a review

Nigel Appleton

A review of the equity release market, exploring the current state of play and obstacles to development.

Equity release – by which older people can use the ‘free’ capital in their homes to raise loans to pay for improvements, repairs, a new car or a holiday – has been around for almost 40 years. This study reviews the current products available, and explores what has held back development – including uncertainty and risk for both providers and consumers.

Nigel Appleton reviews what consumer protection is available, and the views of key older people’s pressure groups. He finds that there are many hurdles to be overcome before products can match government expectations for them to help older people fund repairs to their homes and pay for their long-term care. Available in electronic format only.

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