Inflation rise may require equity release

Posted in General

21st April 2010

People in their 50s and early 60s have been hit hardest by the rise in inflation rates, and may want to consider an equity release scheme to make up the difference.

The information from the Alliance Trust reveals that the 50-64 age group face inflation of 4.8 per cent, compared to the actual rate of 3.4 per cent.

The main driving factor for this age group having such a high rate is fuel price inflation, which currently stands at 25 per cent.

To balance out the high inflation rate, 50-64 year olds could consider equity release. With house prices tentatively rising, this means that there is more money available for them to extract from their house.

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