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Equity Release To Help Unemployed
05/08/2010
Job security will become a major concern for some after unemployment continued to rise last month.
UK unemployment has now reached 2.47 million, an increase of 23,000, according to official figures from the Office for National Statistics (ONS).
A recruitment finance specialist at Bibby Financial Services, Edward Winterton, said: “It’s disappointing to see that the level of unemployment across the UK is on the rise. These figures reflect the lag effect the recession is having on jobs, with factors such as the rising levels of business insolvency and further redundancies adding to the rise in unemployment.”
This could encourage homeowners to find out how a lifetime mortgage could provide them with a tax-free cash lump sum.
Homeowners aged over 55 years who are struggling to find employment 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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