Equity loans, or lifetime mortgages as they are also known, look as though they are about to see a dramatic increase in popularity, largely due to the effects of the credit crunch.
One of the biggest providers of equity release home owner loans, Norwich Union, has predicted that new sales of this type of product are [...]
Equity release schemes are finally beginning to lose the stigma which they earned in the late eighties and early nineties for being high risk, or even dangerous plans which could leave a customer worse off than if they had not embarked upon the scheme in the first place.
Since the introduction of SHIP (Safe Home Income [...]
Record numbers of senior citizens are using equity loans as a means to clear their debts whilst in retirement.
Recent research by one of the countries most established retirement welfare specialists (KRS) shows that some 15% of pensioners are using equity levels stored within their homes as a means to clear outstanding credit commitments on their [...]
