Cathedrals give more equity release value

Posted in General

22nd April 2010

Homes in cathedral cities have soared over the past decade as the desirability of the locations grew.

The research from Savills shows that houses in Lincoln cost 55 per cent more than homes in the surrounding region, giving a huge boost to residents who want to release equity from their property.

Exeter comes just behind with houses that are 49 per cent more expensive than those in neighbouring areas. Hereford, Norwich and York complete the top five.

Equity release schemes allow homeowners to have their cake and eat it – they get to stay in these desirable locations yet they also get to extract the money locked up in their home.

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