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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Lizzie Tudor who wrote (12907)8/21/2003 11:14:29 PM
From: biometricgngboyRead Replies (1) of 306849
 
Equity release is no cure-all
By Robert Cole

JUST like practically everyone else, pensioners are cashing in on the boom in residential property prices. Figures from the Council of Mortgage Lenders published yesterday showed that retired people liquidated twice as much money by taking equity out of their homes in the first half of 2003 compared with a year earlier.

timesonline.co.uk
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