How can inflation affect your equity release plan?
With UK inflation now at around 10%, it’s something that needs careful thought in relation to many financial planning decisions. That’s certainly true of equity release, because today’s high inflation could potentially eat into any money you release from your home. But there are ways to minimise the impact of inflation on your equity release plan.
Various methods measure inflation, including the Consumer Price Index (CPI) and the Retail Price Index (RPI). But however it’s measured at the moment, the result is the same: UK inflation is running at about 10% per year.
Therefore, it is crucial for homeowners to consider the impact of inflation when considering an equity release plan. It is important to choose a plan that takes into account the potential impact of inflation on equity release money and offers measures to mitigate the risks associated with inflation.
With the potential problems caused by inflation in relation to equity release in mind, in this article we’ll look at:
- Why is inflation relevant to equity release?
- Can you reduce the impact of inflation on equity release funds?
- Where can you get advice to help reduce the impact of inflation on your equity release plan?
At Equity Release Wise, we bring you access to the best equity release deals from leading providers through our selected equity release advisers. Simply call us on 0800 096 2215 or request a call back for a time that suits you, and we’ll arrange an appointment. Alternatively, check your eligibility and get an initial indication of how much tax-free cash you could unlock.