Thinking of releasing equity to fund a home renovation? Here's how to weigh up the risks, benefits and alternative options

Equity release is gaining traction again, after previously declining due to financial crises. Though it promises access to funds tied up in home equity, the associated complexities and potential costs mean consumers should approach it cautiously. The article highlights that, while appealing, these financial products can result in significant long-term implications and users must fully understand the terms and repercussions before proceeding with equity release options.

Equity release may sound like an easy way to access funds, but it's essential to understand the complexities and potential costs associated with these financial products.

The resurgence of equity release products highlights their growing popularity, but consumers must tread carefully, as these options can lead to significant financial implications.

Read at Independent