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Sunday 26th of July 2009

News Tag: SHIP

July 19, 2009

Equity release sales increase 5%

by Gill Montia
”Equity
The number of homeowners opting for equity release rose by 5% during the second quarter of 2009, compared with the previous three months. However, on an annual basis volumes were down 22% at 5,328. Safe Home Income Plans (SHIP) the body that represents the UK's equity release providers, has also reported a 14% increase in the sale of drawdown plans, which have been proving ...



January 28, 2009

Official launch of equity release lawyers’ group

by Gill Montia
Official launch of equity release lawyers' group
This week has seen the official launch of The Equity Release Solicitors’ Alliance (ERSA). The group comprises six law firms that are specialising in the UK equity release market: Equilaw, Goldsmith Williams, Ashfords, Lees Lloyd Whitley, Gwyn James and Birchall Blackburn. Members of ERSA aim to provide independent legal advice to homeowners considering an equity release plan. They are also setting out ...



January 27, 2009

UK equity release market shrinks by 9%

by Gill Montia
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 in the mainstream mortgage market, ...



January 7, 2009

Equity release providers confident of growth

by Gill Montia
Equity release providers confident of growth
As interest rates fall, more homeowners could turn to equity release to fund post-retirement living costs. This is the prediction of Safe Home Income Plans (SHIP), the body that represents 90% of the UK's equity release providers. According to SHIP, nine out of 10 equity release firms expect new business volumes to increase during 2009, expanding the market by £200 million in total, ...



July 21, 2008

Equity release approvals rise 14%

by Gill Montia
Equity release approvals rise 14%
Safe Home Income Plans (SHIP), the body that fosters good practice in the UK's equity release market, has reported a rise in demand for such loans during the second quarter of this year. According to SHIP, homeowners availed themselves of £257.7 million in the three months to the end of June, representing a 14% rise on the amount withdrawn during the pervious three ...