The risks will depend upon the type of equity release plan chosen.
With a roll-up lifetime mortgage, the debt will continue to increase until the property is sold but most providers guarantee that the amount owed will never exceed the sale proceeds of your property.
A home reversion plan actually involves selling an agreed percentage of the home to the lender, so there is a risk of the plan holder’s estate failing to benefit from any future rise in house prices on this percentage.
A Just Retirement Solutions Limited adviser will explain all the associated risks. To understand the features and risks, please ask for a personalised illustration.