Seven myths about equity release


This 841-word blog post discusses seven of the biggest myths surrounding equity release tackled by SunLife’s equity release director, Simon Stanney.

Written on 24 June 2020.

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When it comes to equity release, there are a lot of myths.

The ability to borrow money for life, against the value of your property, is an option for some people in retirement.

You might need the money to top-up your pension income, cover the cost of home improvements, or make a financial gift to family members.

It’s no surprise that equity release comes with a whole host of misconceptions and myths; it’s a reasonably complicated financial product, after all!