FEARS ARE growing thousands of older homeowners may be mis-sold equity release plans which allow cash to be released from their property, suggests the Times , as figures reveal the equity release market has topped £5bn.
According to statistics presented by independent financial adviser Key Retirement Solutions, sales of currently-unregulated home reversion are set to increase this year, according to figures from, an independent financial adviser. Findings from the KRS report say: “If this sector of the (home reversions) market continues to grow at current rates it is likely that more of these plans will be sold in 2005 than 2004. This can be attributed to the widening perception that the housing market has peaked, making these schemes more attractive.” SANTANDER IS cutting a further 2,500 jobs at Abb...
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