Equity release values are on the rise
22-07-2010 11:11
Equity release schemes, equity release
Equity release schemes are proving to be popular with consumers, revealed the latest reports published by the Safe home Income Plans (SHIP).
In the second quarter of 2010 the total amount of equity release taken out valued £196.7 million.
It was also found that more people were seeking out equity release advice, as the market share of deals done by intermediaries currently account for 81 per cent of the total business transacted.
Andrea Rozario, director general of SHIP said: "Finally, it is clear that current providers are absorbing the demand which was previously supplied by those exiting the market in the last 12 months. I look forward to seeing reports of strong growth from members over the coming months."
Recently, LV= head of pensions Ray Chinn advised potential retirees to consider the various financial options available in the market such as home equity release in order to supplement their retirement savings.
Ashall Glover Financial Services advising on equity release schemes
Posted by Louise Tilston