Property News · April 21, 2016

Older homeowners unlocked £393m from properties in early 2016


Equity Release Council reports biggest quarter for lending in its 25-year history on the back of drawdown mortgagesOlder homeowners unlocked a record amount of value from their properties in the first three months of 2016, cashing in to the tune of £393m.The figures show housing wealth is “centre stage in financial planning for later life”, said the Equity Release Council, which reported the biggest quarter for lending in its 25-year history. Continue reading…

Source : theguardian.com
Read more…Older homeowners unlocked £393m from properties in early 2016