You may be at that stage in your life where your children have moved out but come back to the Bank of Mum and Dad for a timely withdrawal.

Many youngsters are struggling to meet the demands of increasing house prices, car insurance premium, etc. Rather than wasting time renting and lining the pockets of landlords. Usually, the idea is to leave offspring money in your will. It seems that nowadays, it is more important to give your inheritance when it is needed rather than later on in life. One way to do this is to load up credit cards. However, spiralling interest rates means this might not be a great idea, even if you compare credit cards to find the right ones. Equity release is one possible alternative which you can use to fund your children’s house deposits.

The best equity release schemes charge interest at around 6.9% a year, much cheaper than credit cards. Look into equity release as it is a viable option for this very purpose.