We are all living longer which means our money needs to stretch even further…and what happens when it starts to run out?

If you have been lucky enough to own a property in the UK any time in the last 50 years you will probably have seen a phenomenal increase in value – especially in the South East. But houses are hard to eat, and if you sell up you still need somewhere to live. Equity release provides a means of turning the value of your bricks into cash… money you can spend to live on, use to fund a dream holiday or start the kids on the property ladder…

Such a facility comes at a price – either a loan or home reversion – could either be made to work for you? Award winning equity release expert Les Pick joins Simon to unpack the issues in Money Talk on Channel Radio 2 at 13.00 on Friday. Always take independent financial advice before acting check out www.fffp.co.uk.