UK equity release market shrinks by 9%

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UK equity release market shrinks by 9%

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01-27-2009, 04:16 PM

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UK equity release market shrinks by 9%

Safe Home Income Plans (SHIP), the body that represents 90% of UK equity release providers, has reported that lending fell by 9% in value and 4% in volume in 2008. New equity release plans for the year totalled almost £1.096 billion, in terms of value. SHIP points out that the decrease is far less than that seen [...]

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