a good friend of mine has had a bad falling out with his son because of Eammon Holmes and his equity release adverts. Eammon says an equity release could be used to 'reopen the bank of mum and dad' and my friend's son thinks this is a brilliant idea. The son wants to buy a holiday home and dad is feeling very pressured and resentful.
I bet this isn't the only family in this situation. I really don't know what to say to my friend but I'd like to shut his friend up.
Good, it's like teaching children to be aware of 'only' when used in advertising. It's rarely the entire product that's on the screen but often the basic model without accessories.
Don’t let him do it! I did equity release about 15 years ago and when I came to pay it off it was really, really expensive. A complete rip off. The interest is dreadful.