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Will Annual House Price Growth Inspire Increased Use Of Equity Release Schemes?

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Key Retirement Solutions

Will annual house price growth inspire increased use of equity release schemes?

October 12, 2010

UK house prices were 8.3 per cent higher in August this year compared to the same month in 2009, according to a new report.

This could inspire a number of people aged over 55 years to seek equity release advice in order to see how the increased value of their home could boost their finances.

According to recently-published figures from the Department for Communities and Local Government, the annual rise was boosted by a 0.7 per cent increase between July and August this year.

The report showed that the average price of a UK property stood at £213,116 in August.

"UK house prices rose by 0.8 per cent in the quarter to August 2010 compared to an increase of 1.7 per cent in the May quarter," the department said.

"Average prices increased in England (9.3 per cent), Scotland (0.4 per cent) and Wales (nine per cent) but fell in Northern Ireland (-18.8 per cent)."

Homeowners aged over 55 years who are curious about how the value of their property could offer them a tax-free cash boost can find out by using the equity release calculator at Key Retirement Solutions.

Posted by Claire Ford

Dear Claire,

Thanks for that. Sounds wonderful. Before we go any further, are there any significant risks on the horizon or is it all clear blue skies as you suggest.

Love. CC

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Dear Claire,

Thanks for that. Sounds wonderful. Before we go any further, are there any significant risks on the horizon or is it all clear blue skies as you suggest.

Love. CC

I assume that by 'horizion' you mean 'This quarter's sales targets'? In which case, apart from the spending review, possibility of double dip recession and continued risk of PIGS cascading bankruptcy causing a breakup of the Euro and even worse credit crunch mk II, no.

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  • 140 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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