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Showing results for tags 'home equity firms more important than badly needed new homes for the british people'.

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  1. https://bbc.co.uk/news/business-44992836 UK pension companies may be harbouring billions of pounds of losses from home equity release loans, according to research seen by the BBC. Under equity release, homeowners borrow money against their house's value and don't repay anything until it's sold. That's fine for the borrower, but there are fears lenders have underestimated how much these loans could cost them. At least one firm assumes house prices will rise 4.25% a year. If they don't, firms face losses - or even bailouts. .................................
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