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Rip off Equity Release - is there anything that can be done
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Agreed - on more than one occasion I have spoken to people of post-retirement age who say words to the effect "we live in a half million pound house but we have to live like paupers", and some do not want to admit this to their children.
Equity Release is not a product that I would choose to use but, in the end, those people have a right to decide what to do with their assets, and if they decide to turn some of it into cash and go on a cruise (or whatever), it's their choice.
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