Examiner: Making Cents: Do your research before taking out a lifetime loan


“For every ten people who were aged 60 or older when we first launched in Ireland back in 2006, there are now fifteen,” Derek Handley, Director, Spry Finance, says. “The family home remains the single biggest asset most of this age group have, and a Lifetime Loan allows them to release some of the value tied up in that home, without having to sell or move out of it.” Year-to-date (to May 12) the CCPC noted a 21% increase in page views to their consumer information on equity release at ccpc.ie when compared to the same period in 2020, but says careful assessment needs to be done before committing to such a loan.