Equity release boost as buyers increase

Posted in General

13th May 2010

There is good equity release news today as the number of house buyers increased in April, meaning future house price rises are on the cards.

The National Association of Estate Agents (NAEA) has announced that on average, each branch now has 277 registered buyers and 62 registered sellers.

NAEA president Gary Smith comments that this has continued the movement of the last three months and believes that if these trends continue, the prospects for the summer housing market are "sunny".

This would continue the good news for people with a lifetime drawdown mortgage or home reversion plan, as it would mean that their equity release scheme would earn them more money.

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