Solution Mortgages News

Solution Mortgages news on bad credit remortgages, poor credit remortgages and for people with arrears & ccj’s. Remortgage news with regards to the adverse credit market and people with sub prime credit.

Friday, July 4, 2008

Equity Release is resilient

The Equity Release market is still strong despite the downturn in the wider mortgage market. The popularity of draw down mortgages is likely to protect the market from the credit crunch and any downturn in the housing market.

Applicants are guaranteed their cash facility regardless of falling house prices.

Other factors that are protecting the equity release market are the increasingly competitive products, the ageing population and the effect of world market uncertainty on pension provisions.

The market does look good for Equity Release.

If you have any questions on this article or others like it, please feel free to contact Solution Mortgages on 0845 123 1260.