Monday, Mar 17, 2008
That's what we need!
Money News: CML calls for rethink on equity release
A new study from the Council of Mortgage Lenders (CML) has suggested that there is potential for the UK equity release market to be growing at a much faster rate. Pardon, did I read that right?
Posted by crash bandicoot @ 11:24 PM (343 views) Add Comment
4 Comments
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1. quiet guy said...
Well spotted Crash Bandicoot.
'The CML suggests that involving some of the country's larger lenders and seeing a more positive stance from the government on equity release schemes could "transform the market".
Peter Williams, an independent consultant and author of the report, said although the UK equity release market will continue to develop, "it would grow much bigger and faster if the industry moved forward in more creative ways".'
You couldn't make this stuff up. It appears that some VIs genuinely do not understand what the housing bubble has done to our economy and future standard of living.
Next week ... Hannibal Lecter is put in charge of an asylum.
2. Tucksy said...
Blimey, April 1st already?
March fairly flew by...
3. symo said...
I say let release all the equity in the home, it will accelerate the crash to 60% or more levels instead of the 50%.
It will also root out the ast of the believers in property only ever rising in value.
4. inbreda said...
"seeing a more positive stance from the government on equity release schemes "
doesn't the tax payer and prudent saver already fund borrowers?!?! What do these lazy gits want? Someone else to pay them to do nothing? Get real.