People considering equity release may benefit from acting sooner rather than later, according to equity release provider Home & Capital.
Home & Capital says the fallout from the sub-prime mortgage crisis could reduce house prices so people considering equity release should try to benefit from equity release before the market drops. Nigel Hare-Scott, sales director of Home & Capital, says: “Pensions or investments predominantly linked to the stock market will have seen their value fall as the FTSE and other world stock markets have nose-dived, and with interest rates now looking less likely to rise again, cash rich people who live off their savings income cannot bank on further rises in their interest income.” He says the ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes