Two out of five people over the age of 50 have no idea what equity release means.
A survey conducted by Norwich Union has found 40% do not understand the term, while only 21% have an idea what mortgage-based equity release schemes were and just 8% knew what a home reversion plan is.
To help educate customers about equity release, Norwich Union has published a guide: Unlocking Your Future ‘ Equity Release Made Easy.
Contact: 0800 122 876