A survey of financial advisers has found that equity release is set to play a growing role in the UK housing market over the next decade . The study by economists found 61 % of consumers believe equity release will become a mainstream practice within the next 10 years , despite 60 % of consumers expressing concerns about how it will impact the future ownership of their homes . Advisers cited a lack of understanding and product knowledge regarding the concept , with 70 % believing they had encountered barriers when advising homeowners on the idea .
A survey of financial advisers has found that equity release is set to play a growing role in the UK housing market over the next decade. The study by LV= found 61% of advisers believe equity release will become a mainstream practice within the next 10 years, despite 55% of consumers expressing concerns about how it will impact the future ownership of their homes. Advisers cited a lack of understanding and product knowledge regarding the concept, with 70% reporting they had encountered barriers when advising homeowners on the idea.