Summary
ELDERLY homeowners wanting to get at some of the cash tied up in their homes have less choice as lenders pull out of the market.
In the past few weeks, four major equity release providers -- Northern Rock plus Newcastle, Saffron and Coventry building societies -- have withdrawn from the market.See the full content of this document
Extract
Soaring Cost of Equity Release
Before the credit crunch there were more than 20 providers: now there are 12 and only nine are still actively offering lifetime mortgages.
Most of the ...See the full content of this document
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