Simple £100 monthly repayment could save you £50,000 | Personal Finance | Finance
Older people with an Equity Release loan on their home could save as much as £50,000 in interest by simply paying £100 a month.
Many thousands of older people are borrowing against their homes – under equity release – on the basis it provides a pot of cash to pay off outstanding debts and fund a decent lifestyle in old age.
People can choose – if they wish – to pay back the loan with payments each month while the balance of the debt is paid off from the sale of the property when the…
