Is Equity Release a Good Idea? | This Morning

My parents, suffering from dementia, signed up for equity release, whilst I was working in Germany.
They got pressurised into taking a 20k check, for a property, that was worth over 100k.
The day after, they accepted the check, the equity release company sold the property at auction, for double the price, that they sold it for!!!!
A Pakistani heroin dealer bought it, and took full ownership!
They were persecuted by him until the day they died!
Be careful old timers!!!!!!!!!!!!

Sell your house to your heirs keeping the right to live in it for your lives. Keep away from the smooth men in suits.

Martin's advice (i.e. "opinion") here is very likely wrong - you take £15,000 which will compound at say 7% per year, don't forget that your property is also rising in value. So taking £15,000 is not going to "cost you most of your house", as when the time comes to sell it, your £15,000 might well have risen over 200%, but your house price won't be far behind. So he's talking out of his a**e.