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Will Releasing Equity Be Effected By The Election
05/05/2010
WHO EVER IS IN POWER AFTER THE 6TH MAY NEEDS A BETTER UNDERSTAINDING OF EQUITY RELEASE.
According to SHIP (Safe Home Income Plans) the trade body for Equity Release, they say that the equity release market has remained buoyant despite the current economic climate. Remaining fairly stable, advances falling by only 8% in total during the first quarter in 2010, compared with the same period during 2009.
Andrea Rozario, director general of Safe Home Income Plans (SHIP), said: "By working with the industry, whoever is in power after May 6th will have a better understanding of equity release and the possibilities it offers."
She went on to acknowledge that each of the main political parties have made moves to address the important issues facing the country's ageing population.
But she added that such proposals "must be more than sound bites" so that real and positive action can be taken.
The government will need to work closely with the providers in the Equity Release market to gain a good understanding of the benefits that the product can offer an ageing population.
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