 Pensioners Help Fuel Economy through Expenditure on Home & Garden Improvements Using Equity Release SeekER Equity Release News Update 13th August 2009: Press Release from Key Retirement Solutions 4th August 2009 £540 Million of equity release will be spent on home and garden improvements this year. UK pensioners are helping the economy throughout this difficult period by continuing to spend money on looking after their homes and gardens, new research reveals. The research from Key Retirement Solutions, the UK's leading equity release specialist, shows that pensioners releasing equity from their homes rank home and garden improvement as the top reason for taking out a plan. It is estimated that a whopping £540 million will be raised this year alone by pensioners to fund expenditure on their homes and gardens. Key's latest review of the equity release market shows that in the 2nd quarter of 2009 59% of those releasing equity did so to spend money on their home and gardens, up from 56% for the same period last year. Popular reasons include: new bathrooms and kitchens, conservatories and general decoration and maintenance. Also many look to use the value tied up in their homes to fund garden projects, typically aimed at making the garden more manageable. To Read more .... http://www.keyrs.co.uk/press/news/pensioners-help-fuel-economy-through-expenditure-on-home-garden-improvements-using-equity-release http://www.mortgageintroducer.com/mortgages/235168/4/Today%27s_breaking_news/Top_reasons_for_equity_release.htm |
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