In Focus: Home ownershipOct 31 2022

‘My client released £6k equity from their home to pay energy bills’

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‘My client released £6k equity from their home to pay energy bills’ — [Anthony Devlin/Bloomberg]Equity release adviser Jan Johnson has noted an uptick in lifetime mortgage products being used to prevent repossessions, and in some cases even to cover bills

ByRuby Hinchliffe

Equity release was once associated with funding home improvements and holidays, but with 15-year interest rate highs and inflationary pressures lifetime mortgages are now being used to pay energy bills and fend off repossession.

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