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Public borrowing down in September
24/10/2011
Public borrowing fell during September to a lower amount than expected of £14.1bn.
This was the information released by the Office of National Statistics recently. August’s public borrowing was also revised down by £2bn to £13.7bn. This decrease in borrowing highlights the beginning of government measures to cut the amount they lend.
Analysts say this decrease is positive and will help improve the economy in the long run.
These cuts in public borrowing may have a positive impact in the future for the economy but to the general public it may mean less loan applications being approved.
But, if you are a homeowner aged 55 and over and looking to free up some much needed funds then equity release could be the answer. With equity release plans such as the drawdown lifetime you can release money that would otherwise be tied up in your home. This money could be used to complete important home repairs, top up your pension or income or simply pay for that dream holiday.
To find out more about how equity release can help you and to get advice on releasing funds from your property contact the right equity release.
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