Our region has seen a massive increase in house values and while this provides a comfort factor to retired owners, it is not money in the bank.

Today people have greater expectations for retirement years. However the cost of living increases and some pensioners find that their income and capital is insufficient.

One way of 'cashing in' on the boom is to sell the home and move to a cheaper house.

For many people however moving is not practical.

Financial companies recognise the problem and offer a very helpful solution - 'Equity Release Plans'.

There are three very different types of plan and each has its merits. The benefits from Equity Release Plans could enrich a person's life but the matter needs careful consideration and should involve family discussion.

It's vital to take independent professional advice to ensure the correct decision is made.