EquityReleaseForum.org

I have only just started researching the options of equity release for my mother aged 83. my father is very ill and she would like to secure her future and pay off a few debts. I have been advised that equity release is a very expensive way of what is in effect a loan. would i be right in saying that as a general rule a bank mortgage would be a better way forward for an amount of 10 to 20,000. she has a property with no mortgage on it of approx 170,000

I would suggest waiting until you need the money. We had a little mortgage left and waited until we had paid it off - then used the money for travels. The older you are, generally the more you can release.

I am single aged 65 and receive your emailed updates. I recently received one which said you had exclusive deals with Prudential so I went on agepartnership and clicked on exclusive offers but they won't disclose them.
Why do you email them but then expect me to have to ring or supply personal details to find our more.

I want to know if I am eligible and what the offer is. I have already approached other equity release firms and I haven't had trouble obtaining details from them?

Regards

NAGAUS

my wife and I have lived in our current house for over 20 years now and despite the recent fall in its value we think its worth lots more than we paid for it. We're lucky enough to have no mortgage. If we released some equity now (we're both in our early 70s) can we spend it on just living better and will there be anything left when we're gone?