Strict tests will ensure that only homeowners who can really afford such schemes can take out equity, which have been a popular way for many to raise extra funds.
8th december 2011 The White Rose Credit union is providing interest-free home loans for vulnerable people around the district. The loans pay for essential repairs and disabled adaptations.
Professional landlords are showing signs of confidence by taking equity out of unmortgaged properties they own to expand and gear up investment potfolios.
Reverse mortgages are one of those products that seem like a really good idea in theory, but then you have to spend inordinate amounts of time figuring out whether the benefits outweigh the costs.
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Personal Finance Daily: With reverse mortgages, there’s no easy answer
