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@Maj
equity release is essentially privatised inheritance tax for those who are asset rich and cash poor. disproportionately predatory towards modest working people who, due to no fault or planning of their own, find themselves with a relatively normal house which turns out to be a gold mine. due to property speculation running rampant over their lifetime.
private equity company comes, skims out percentages of the property to allow elderly pay for elderly care and bills. where a couple might want an in house carer and live in their own home, or local care homes are not right for their need, or have pensions which put them above state help. these are maybe not people in poverty, but they're not wealthy other than in the relative sense to younger people. these equity firms do nothing other than sucking up funds and assets of generational wealth transition, which might have become active money (family selling the house, using it to pay for work on their own, buy stuff for their kids, holidays, starting businesses etc) to instead sit in equity funds doing vampire capitalism.
if this is an earnest response to ways to pay for elderly care, you'd be better of paying for the elderly care as a government while they're alive and then reclaiming that tax at the end of life. instead of the equity firm. as those most targetted by these firms are not mogul ultra rich moving money around to avoid such things. the money would at least go to improving lives and care accross the board at a state level.