Property
Beware of property scandals in equity release plans
equity release plans seems quite attractive to the old house owners as some advertisements give them a dream of flaunting lifestyle and great life ahead. But you need to be very careful. There are several, equity release companies involved in the property scandal which could get hold to your house leaving you out of the house. And as far as house reversion plan is concerned you must check everything well beforehand because this can cause you a fraud also as a person who is buying a part of your house can get assess to your complete property by unfair means hence leading you no where.
There have been various articles in different magazines responding to these property scandals which says that this scheme may let your property worthless and providing you nothing but complete loss. So be very careful before going for equity release.