Will Tory 'silence' on ageing society lead to increased use of equity release?

 

The Conservative party has been criticised by one of the UK's leading age charities for its "silence" over the challenges now facing older people that are reliant on a UK pension.

A number of people could now be inspired to see how a lifetime mortgage could benefit them after Age UK accused the Tories of "shying away" from the challenges of an ageing society.

Michelle Mitchell, charity director of the group, which combines Age Concern and Help the Aged, said: "Voluntary insurance to pay for care at home‚ the possibility of abolishing the Default Retirement Age and the protection of existing age-related entitlements are modest steps forward.

"The Tories' manifesto fails to address the big challenges facing our ageing society on care‚ health‚ poverty and warm homes."

Expats living in Spain, but retaining a property in the UK, who are concerned about how they are going to fund their retirement needs can see how much cash an equity release plan will generate by seeking reliable equity release advice.