Archive for the ‘property equity’ tag
House Price Inflation Benefits Equity Release Customers
For the first time in almost two years, UK house price inflation has reached double figures, which could encourage homeowners to release equity from the value of their property.
Homeowners Increase Equity in Their Homes
Homeowners have increased their stake in their homes by £22.3billion in the past year to continue a trend of paying off the mortgage, which could see many enjoy more from an equity release scheme in the future.
Homeowners May Still Benefit from Equity Release Schemes Despite House Price Fall
The average UK house price dropped during February for the first time in ten months but equity release customers will be encouraged that the average price of a UK property is still up on a three month basis.
Credit Cards Terms Under Review as Equity Release Eases Debt
Managing credit card debt is currently under serious consideration by the government as the number of equity release plans taken out to pay back arrears increase.
Equity Release Plans Start To Increase Again
The number of equity release plans taken out by homeowners in the three months from July to September has increased when compared against the previous three months. This is according to research undertaken by Key Retirement Solutions (KRS).
UK Equity Rises as House Prices Improve Again
Homeowners considering an equity release scheme will be boosted by the news that house prices have increased for the fifth consecutive month, making them almost identical to the average price in September 2008. This comes after the Nationwide released their latest figures pertaining to the housing market.
Read the rest of this entry »
£654 billion of property equity owned by UK pensioners according to Prudential
As signs of recovery appear in the UK housing market the latest figures from Prudential’s equity release index show that homeowners in England and Wales aged +65 have retained £611 billion of equity in their property with an additional £43bn held in Scotland.
