Falling House Prices Lead to Six-Year Low in Equity Release ; Personal Finance
Western Mail › January 28, 2009
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Summary
THE amount of money retired people unlocked from their homes fell to a six-year low during 2008.
Falling house prices and problems in the wider economy contributed to a 9% drop in the total value of equity release plans taken out during 2008 to just under pounds 1.1bn - the lowest annual total since 2002, according to industry body Ship (Safe Homes Income Plans).See the full content of this document
Extract
Falling House Prices Lead to Six-Year Low in Equity Release ; Personal Finance
But the group said some of the drop could be attributed to the increasing popul...
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