Repossessions stabilised says CML
The Council of Mortgage Lenders (CML) has published data showing the rate of lender repossessions in quarter one are down on the same period last year. Lender repossessions remained at 0.07 per cent, the same figure as the three previous quarters. The figures released last week showed that 8,000 homes were taken into possession by […]
Is Equity Release the answer to the looming interest-only crisis?
Data released by Key Retirement Solutions last week shows an increase in consumer confidence in the use of equity release. The Equity Release Market Monitor shows a record 27 per cent increase in the average amount of equity released during the first quarter. The first quarter of 2013 saw consumers release £56,710, up on £44,519 […]