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MaxiRobriguez

I'd try and avoid equity release at all costs. You'll either end up with a very long term loan which'll be expensive or you'll give away a stake in the property which will be more expensive still.

There's likely to be many better routes to financing an emergency even without savings.

missymoneypenny

MaxiRobriguez said:

I'd try and avoid equity release at all costs. You'll either end up with a very long term loan which'll be expensive or you'll give away a stake in the property which will be more expensive still.

There's likely to be many better routes to financing an emergency even without savings.

Yes agreed - you'd be better off with a regular loan or using a credit card in an emergency than ER, especially if you are a careful with money person. Don't risk your home!