Mortgage News

Equity release mortgages slow

Tuesday 29th of April 2008
By the end of 2007 there were $365 million of equity release loans outstanding a 60% rise on the $227 million recorded at the end of 2006.

Rob Dowler, executive director of SHERPA (Safe Home Equity Release Plans Association), which supported the Trowbridge research said: "Growth in total loan balances remains strong but below earlier expectations for the year, reflecting the difficult credi...

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