Homeowners are taking cash out of their homes to boost their retirement income at the quickest rate since 2004, suggests new figures.
Mortgage equity withdrawal (MEW) rose to £14.6bn in the last quarter of 2006 – from £12.2bn in the previous three months - according to the statistics from the Bank of England. In total, £49.7bn was...
Brings in recurring revenue of £700,000
27,000 ‘affordable new homes’ to London
795 in Croydon
Movement could liquefy market
BOE cut base rate to 0.25%
UK investors lost hundreds of thousands of pounds
Lifts advisers to seven
Income from advice fees down