UK Money News
16th January 2008
Equity release 'increasing in popularity'
Increasing numbers of people are investigating equity release as a means of finding help with money, new figures from one personal finance firm suggest.
According to Key Retirement Solutions, the level of demand for equity release rose by around nine per cent in 2007.
Meanwhile, the proportion of lifetime mortgage plans decreased, from a 69 per cent market share to a 43 per cent share.
The firm attributes this fall to an increase in popularity for reversion schemes and drawdown products.
Dean Mirfin, business development director at Key Retirement Solutions, said: "Despite the ever-volatile landscape of the UK economy, the demand for equity release continues to rise.
"The increase in the drawdown facility is in line with predictions as many consumers prefer the option due to the cost advantages of the product."
In November, Key Retirement Solutions warned consumers not to opt for "quick-fix" sale and rent-back schemes which might not offer the best help with finance available.
back to January's Money News
This article and more Latest Money News can be found on MoneyCrocodile.co.uk
Personal Loans from UKPersonalLoans.com
Personal Secured Loans for Homeowners and Personal Tenant Loans for Non-Homeowners. You can apply online for an Any Purpose Loan or Personal Debt Consolidation Loans or use one of our Loan Calculators.
Debt Advice from ReduceDebt.com
Debt problems? Refused a loan? Got CCJ's or Arrears? Get the best advice and help by enquiring online. Our Debt Professionals will help you whatever debt problems you have. Some of the options available to you are Debt Management, Debt Consolidation, Debt Couselling and IVAs,
UK Personal Finance from MoneyCrocodile.co.uk
UK Online Personal Finance site covering: Loans, Mortgages, Credit Cards, Insurance, Debt Advice, Bankings and Savings, Finance Tools and Money Jargon. We also cover Any Purpose Loans, Secured Loans, Personal Loans, Tenant Loans, Car Loans and Debt Consolidation Loans. If you are looking for Personal Finance let Money Crocodile put a smile on your face.
Car Loans from GBCarLoans.com
Don't just accept the dealers finance - get a quote from us before you buy!. UK Car Loans for New Cars or Used Cars: Supermini, Small, Hatchback, Saloon, Estate, MPV, 4x4, Sports, Luxury, Executive, Cabriolet or Classic Car.
Tenant Loans from TenantLoan.com
If you're looking for a low cost tenant loan, then look no further. We aim to find you a highly competitive interest rate and you can borrow anything from £5,000 and £250,000 with up to 25 years to pay.
