House price boost in the north-east

Posted in Equity Release News

2nd May 2012

We have a quick update on equity release.

House prices rose sharpest in the north-east of England in March, increasing by 5.6 per cent from the previous month.

That's according to the latest Land Registry data, which shows the average cost of buying a home in the region is over £101,000.

There was also good news for anyone in the East and West Midlands who is thinking about using equity release to top up their retirement income, as prices were up in these two parts of the country as well.

Overall there was a slight fall in house prices in England and Wales, with homes now worth an average of slightly over £160,000.

Realising some of that capital by using an equity release scheme could prove beneficial to someone who is approaching retirement or to anyone struggling to make ends meet with their pension.

Thanks for watching, we hope you found this useful.

 

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