Property News · May 11, 2016

More people using equity release to repay interest-only mortgages


Maturing interest-only mortgages are triggering a surge in the sales of equity release plans, figures revealGrowing numbers of people with maturing interest-only mortgages are raiding the equity in their homes to pay off the debt, figures reveal.One of the leading firms specialising in retirement planning said it had seen a “surge” in sales of lump-sum equity release plans over the past 12 months as people try to find the money to repay what they owe their mortgage lender. Continue reading…

Source : theguardian.com
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