Equity release option for the canny

Posted in Equity Release Video News

22nd June 2010

Canny homeowners are shopping around for ways to fund their retirement, as they aim to get the most value out of their pensions, annuities and equity release.

Research by Sun Life Financial of Canada shows that people closing in on retirement are increasingly looking for flexible options.

An equity release scheme is certainly an option for these people as it can provide you with a regular income via a drawdown lifetime mortgage, or you can get a lump sum from a lifetime mortgage.

Mike Stopard, head of marketing at Sun Life commented that: "The profile and expectations of the at-retirement age group has changed drastically so it makes sense that the industry and products to help them should adapt too."

He points out that half of the people they surveyed suggested they would take the open market option when choosing their annuity.

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