You are here: Home - Equity Release - How To - News -

54% shop around for equity release

0
Written by:
25/02/2013
More than half of those homeowners who signed up for an equity release scheme with specialist provider Partnership compared quotes from other providers beforehand.
54% shop around for equity release

Parternship’s research revealed that at least 33% received at least three quotes before committing to a lifetime mortgage.

Nearly 40% of Partnerhsip’s customers said they used the cash released from their property’s value to improve their financial situation in retirement, while 36% used it to pay off an existing mortgage. Only 24% used the money to pay for a holiday or a new car.

Ged Hosty, director of equity release at Partnership, said:

“Customers should always seek the best deal possible and the best way to do this is to get independent financial advice. We are very proud that, having taken this advice, customers choose Partnership ahead of our competitors.

“The research also shows that equity release is a financial product to address important financial needs, which underlines the importance of seeking advice from a properly qualified Independent Financial Adviser.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Your Mortgage Guides

Your Mortgage Award Winners 2017-2018

Download our guide to the best mortgage lenders in the UK

Read More >

Read previous post:
Nottingham pushes lending up by 28% to £0.5bn

The Nottingham Building Society increased its gross mortgage lending by 28% to

Close