Downsize or equity release – which is better for retirees? - Mortgages - Money - The Independent
Your home is likely to be your greatest asset and for many people, property plays a huge role in retirement planning.
Dwindling pensions make unlocking cash from property an increasingly popular option, but for those who have the equity, is it better to sell up and downsize, or should retirees opt for to equity release plans?
If you're asset rich but cash poor, it seems sensible to tap into any money that is tied up in your home. Financially, downsizing is the obvious choice.
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