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Equity Release Market Grows 4 Percent in Quarter 3
06/12/2010
According to the equity release provide trade body, Safe Home Income Plans (SHIP), the amount people release month-on-month grew by 4% over the last financial quarter.
Andrea Rozario, the director at SHIP announced that drawdown mortgages are favoured by the over 55's, which allows for the gradual release of equity from their homes. The financial results over the last quarter has provided a strong platform for growth in equity release.
The rise suggests many pensioners might have been seeking equity release advice from a financial services provider.
Homeowners aged over 55 years who would like expert advice from a financial services provider and would like to know how much money the value of their property could release, can find out by contacting therightequityrelease.co.uk for equity release advice.
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