What's the clever move to make with your mortgage? Photo: fantasista/123RF
Retirees who opt for a reverse mortgage or home equity release to supplement their income are paying more than they would in other similar countries, according to a new report from the Retirement Commission.
However the Commission says for those with low retirement incomes and substantial equity in their homes, equity release products can be beneficial.
Kathryn speaks with Retirement Commission policy lead Dr Michelle Reyers.
