Equity release is on the increase

Fri 16/03/2007

unbiased.co.uk
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Citing SHIP, the professional body for equity release providers, unbiased.co.uk asserts that the market has been growing strongly, with a 12.3% increase between the second & third quarters of 2006.

In related news, the Chartered Insurance Institute has claimed that as retired people are becoming less obliged to leave their existing homes "asset-rich but cash-poor" people are "increasingly looking to home reversion plans" as a means of generating additional income for their retirement.

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