Eq release customers told move fast before sub-prime fallout

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 ...