This segment was broadcast on 15 November 2018. Some information may be out of date.

Reverse mortgages

A worry or a great idea?
  • What is a reverse mortgage?
  • The one big negative
  • What to ask about
  • Tell the family?
  • Conclusions

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Mary Holm is a freelance journalist, a director of Financial Services Complaints Ltd (FSCL), a seminar presenter and a bestselling author on personal finance. From 2011 to 2019 she was a founding director of the Financial Markets Authority. Her opinions are personal, and do not reflect the position of any organisation in which she holds office. Mary’s advice is of a general nature, and she is not responsible for any loss that any reader may suffer from following it.