Finance expert highlights benefits of equity release

Using the value of a property in the UK has been highlighted as a good way for expats to boost retirement income by one finance writer.

This could inspire a number of people aged over 55 years to use an equity release calculator, to see how much cash their property could generate.

Writing for specialist finance website Thisismoney.co.uk, Dan Hyde said equity release has become increasingly popular as house prices have risen and confidence in pensions has waned.

Commenting on the emergence of equity release as a "genuine option", Mr Hyde said: "The market has improved significantly in recent years and now offers a genuine retirement funding solution for older people, according to experts."