How to turn high house prices into cash you can spend – Telegraph Blogs

How to turn high house prices into cash you can spend – Telegraph Blogs

Stock market shocks, disappointing pension plan performance and relatively robust house prices combined to boost demand from older homeowners for equity release schemes by more than 11pc last year.
Rising numbers of people are reaching retirement with their personal finances in disarray, as demonstrated by the fact that nearly a fifth of pensioners who borrow against their property do so to repay conventional mortgages. While most people who have been homeowners for more than a few years are sitting on substantial capital gains because of rising house prices, many with-profits endowments and other savings to repay debts have proved horribly disappointing.