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House Price Rises Might Increase Take Up Of Equity Release

16/08/2010
Right Equity Release
According to a new report there is good news for house owners with prices in the UK increasing by 3 % in the first six months of this year.

A recent Nationwide building society report shows the average price of a UK home is now up from £169,162 one month ago to £170,111.  UK house prices are now 8.7 % higher than they were this time last year.

Nationwide chief economist, Martin Gahbauer, stated that the 0.1% increase in June was slower than recorded in previous months.  Recent indicators point to an increased supply of property coming to market; this is perhaps in response to the removal of the home information packs, which were introduced at the start of the coalition.

Homeowners aged over 55 years who 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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