Equity release sector to get TV grilling tonight

Tonight with Trevor McDonald is this evening taking a look at the equity release market in the run-up to Financial Services Authority regulation of the sector in April.

The programme focusses on customers who were sold unsuitable equity release products in the past and are still paying the price.

Experts who are interviewed on the programme say there is 400bn worth of property owned by retired people in the UK and they predict that this untappedcapital could lead to the equity release market doubling in the next year.

But the programme features interviews with borrowers who have hit problems after taking out the product. It airs at 8pm tonight on ITV1.