Plundering our homes for pension income

Sarah Coles
elderly man's glasses
elderly man's glasses

MCT/ABACA/Press Association Images

New figures from the equity release industry have revealed that 10% more has been released from UK homes than this time last year. The proportion of people opting for monthly payments has increased too, so now 67% of people are releasing equity from their home in order to boost their retirement income.

So is this clever retirement planning or a disaster waiting to happen?