TITLE

Excessive interest in equity release

AUTHOR(S)
Mirfin, Dean
PUB. DATE
July 2006
SOURCE
Mortgage Strategy;7/10/2006, p39
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the growth of Great Britain's equity release market in 2006. Some developments in the sector include the continued popularity of drawdown and the relative stable pricing despite increases in Safe Home Income Plans. The increased availability of drawdown products is coming at a price, prompting some providers to start charging for funds held in reserve for drawdown; thus inflating the true cost of borrowing.
ACCESSION #
21580211

 

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