One-third of equity releasers pay off mortgages

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One-third of equity releasers pay off mortgages

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04-26-2010, 10:34 AM

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One-third of equity releasers pay off mortgages

How do equity releasers use the funds they have raised? Bridgewater Equity Release claims to have the answer, having analysed the main reasons why people apply for its home reversion plan. Surprisingly, 30% of those questioned were planning to clear the mortgage, while just over 17% had home improvements in mind.With the data collected over [...]

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