Regular House Price Increases Could Benefit Equity Release Market
Over the past year we have seen a steady improvement in house prices that has gone some way to restoring parity to the heavily hit market. These house price increases have been beneficial to some homeowners considering an equity release scheme as they are able to release a greater percentage from the value of their property.
There is now an area of thought that suggests long-term growth in the housing market is possible, which will have a positive effect on the equity release market.
Greater Research Could Help the Equity Release Market
A more optimistic housing market could be viable in the future if greater research is available into the nuances of consumer behavior. Concerted research into the causes of consumer detriment in the property market has been identified as a particular area of consideration according to Bernard Clarke, communications manager for the Council of Mortgage Lenders.
He said that “the right sort of proposals, that are properly tested by cost-benefit analysis, to make sure that we address the problem in the right way” would be possible with the right evidence.
An equity release scheme could help supplement your income in retirement by unlocking a tax-free lump sum from the value of your property.
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