Equity Release Becoming More Popular

Published / Last Updated on 21/11/2006

Figures released by the organisation Safe Home Income Plans (SHIP) have shown that equity release plans are becoming more popular. It found an increase in new business by 12.3per cent.

Ship also found an increase in Lifetime Mortgages. If the combined cases of new businesses continue to grow at the same pace, they would be looking at a record year.

Our view

More people are becoming aware of problems with having to pay for your own care as well as other means tested benefits and have decided they should enjoy their own 'hard earned' money before Gordon Brown does.

House Sales Go Electronic

No Update For Citizens Pensions