Belfast Telegraph

Our assets are all tied up in home

Fiona Caine is here to help if you have a relationship, sexual, marriage or family problem.

My husband and I have had some major expenses lately and these have eaten into our savings. As we are both retired, our incomes have been reduced by quite a lot.

Our house is our major asset and I understand there are schemes whereby you can release part of the capital on a property and convert it into cash. Are these schemes a good idea? JG


What you are describing is known as an equity release scheme. This is a complex subject and you really need independent financial advice that looks at all of your circumstances. You should be very, very careful what you are getting yourself into.

Age UK produces a very helpful factsheet on equity release, which you can download from its website (

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