Retirement Commission backs home equity release with advice
New research from Te Ara Ahunga Retirement Commission says home equity release products provide value for money but should be taken on advice.
Around 25% of older households who have low retirement income and savings, but high levels of equity in their home. In general they are more likely to be older (75+), non-Māori, and no longer in paid employment.
The report says there is evidence that people are finding it difficult to downsize into smaller homes due to a lack of appropriate properties. On average these households have home...MORE»
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