Monday, September 17, 2012

Winners and losers

Northern Rock - Five years on

Perhaps most striking are the problems for down-traders, older people at the upper levels of the housing ladder, who no longer enjoy an endless supply of trade-uppers when they come to try and free up equity for retirement by downsizing. Shipside added: "Down-traders became accustomed to seeing their equity and potential retirement pot grow, and the current outlook is less rosy."

Posted by phil @ 10:04 AM (847 views)
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