CML Says Equity Release Mortgages Market is Not Performing
Thanks for visiting! If you're new here, you may want to subscribe to our RSS feed. .
This site posts daily property development tips and news on a wide variety of subjects ranging from DIY to mortgages, from property finance to industry news.
Go ahead, subscribe to our feed! You can also receive updates from this blog via email
Thanks for visiting!
The CML reported that the equity release mortgages sector is not performing well.
Equity release allows home owners to release cash from their property. However the CML believes that the poorest people in the UK are not helped by equity release mortgage deals, due to a number of factors including the Government’s position regarding equity release.
Additionally, some of the larger mortgage lenders backed off equity release products to maintain their reputation since equity release received bad press in the past.
The UK equity release market was estimated to be worth £1.2 billion in 2007, remaining almost the same compared to figures from previous years.
Popularity: 34%
Comments
2 Responses to “CML Says Equity Release Mortgages Market is Not Performing”
Got something to say?
Latest Property Headlines
- The final touches to your property development
- Don’t neglect the garden in a property development
- Property development as an investment opportunity
- Stick to your budget when developing a property
- How many toilets should my development have?
- Should you live on site in a development?
- Can you still develop property in the current financial market?
- Do it yourself or have a letting agent take care of it?
- Keep it neutral
- Stop arguing with Sarah Beeny
[…] Release Mortgages Market is Not Performing Posted in March 19th, 2008 by in Uncategorized CML Says Equity Release Mortgages Market is Not Performing The CML reported that the equity release mortgages sector is not performing well. Equity release […]
As per as CML report s it is true that equity release mortgages sector is not performing well. Because of some problems like poorest people in the UK are not helped by equity release mortgage deals and also some of the larger mortgage lenders backed off equity release products to maintain their reputation since Equity Release received bad press in the past.