Equity Release Council reports biggest quarter for lending in its 25-year history on the back of drawdown mortgagesOlder homeowners unlocked a record amount of value from their properties in the first three months of 2016,cashing in to the tune of £393m.
The figures expose housing wealth is “centre stage in financial planning for later life”, said the Equity Release Council, and which reported the biggest quarter for lending in its 25-year history.
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Source: theguardian.com