Equity release customers take cautious approach

In a survey of over 600 clients, 40% said they spent over six months researching options before approaching an IFA; an increase of 27% from August. In line with this, 83% of clients said they had consulted relevant literature and/or guides before making their decisions, with 20% consulting literature supplied by their chosen intermediary. The research comes in the wake of concerns homeowners could be jumping into equity release schemes in a bid to find much needed cash as the recession bites. Over the last year this could have eroded the worth in their properties as the value of lo...