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Increase In Demand For Equity Release
24/09/2010
Demand for equity release has been building up for some time. There are a variety of reasons for equity release; the main reasons were mainly for large purchases, home improvements, holidays and the like. Recently it seems that more people are taking up equity release due to financial problems.
These problems include large outstanding secured and unsecured debt, with not enough income to deal with this debt and those in retirement who have used up all savings and now find that their pensions do not meet their day to day expenses.
Those in retirement are worried about the costs involved in running a house and any repairs required for which they do not have the funds, besides money required for holidays etc.
Equity release is becoming a more acceptable way to use money tied up in property to help live a life above that of ‘just managing’.
Homeowners aged over 55 years who would like to know how much money the value of their property could release to help them with their debts or improve life during retirement, can find out by contacting therightequityrelease for equity release advice.
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