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Home Reversion Market Is Going Up Up And Away

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http://www.thisismoney.co.uk/mortgages/art...32&in_page_id=8

'High risk' home reversion soars

Simon Lambert, This is Money

6 May 2006

THE number of people signing up to 'high risk' home reversion schemes has increased rapidly despite their unregulated status.
Figures released today have shown a 41% increase in the value of the home reversion market in the first three months of 2006
– from £13.4m to £18.9m.
The number of people signing up to the schemes, which purchase a percentage of a home's value on sale in return for a lump sum, has risen despite watchdog the
Financial Services Authority branding them 'higher risk' products. Last week the FSA announced new rules will be introduced to regulate home reversion schemes, but not until spring next year.
Jon King, Ship chairman, said: 'Equity release business has continued to grow steadily throughout the year. The continuing growth in home reversions is encouraging and the impressive increase in drawdown mortgages signals the growing interest in these new more flexible products.
:o

Something is very wrong with this picture :o The "Miracle Economy" exposed.

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Jon King, Ship chairman, said: 'Equity release business has continued to grow steadily throughout the year. The continuing growth in home reversions is encouraging and the impressive increase in drawdown mortgages signals the growing interest in these new more flexible products. :o [/indent]

Something is very wrong with this picture :o The "Miracle Economy" exposed.

Agreed. For whom is this form of MEW, or any form of MEW "encouraging"?

Billy Shears

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  • 301 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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