The Equity Release Council reports biggest quarter for homeowners borrowing from their property with £393 million of mortgages.
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Category Archives: 55 plus mortgages
Older borrowers could soon be offered mortgages into their 80s and 90s as building societies review their age limits.
Figures from the Bank of England show UK mortgage lending has hit a new high with over 71,000 loans approved in August.
Citizen Advice has warned that one million mortgage holders have no plan on how to repay and could face repossession.
People borrowing equity in their property has reached the highest levels since records began says the Equity Release Council.
The town of Salcombe in Devon is the most expensive place to buy a seaside home costing an average of over £1.2 million.
Last year the highest house price rise was for the city of York increasing 23% and adding almost £70,000 in value for the average home.