Introduction
The concept of borrowing money against personal property with no repayments required until the property is sold is becoming more popular. Sale of the property may be triggered by desire, need or death. The methods of obtaining the proceeds, and the features and benefits of these loans can be quite varied and complex. The Equity Release/Reverse Mortgage Information Service is a free independent service designed to help consumers understand the various aspects and issues of equity release and reverse mortgage products. Information officers are available via a toll free telephone service, 1800 615 676 from Monday to Friday between 9am and 5pm to speak directly to consumers regarding their individual circumstances.
