Could you save money by selling your home online?
Selling your home can be a very long winded, stressful, and expensive affair, and never more so than these days when the bottom has fallen out of the property market and finances are tighter than ever. Those looking to sell their homes at present face a number of hurdles. First is the fact that estate agents are reporting very poor sales figures, with the number of properties remaining unsold on estate agents’ books at the highest level of decades. Read more
Tags: current state, Rightmove, house prices, average homeowner, present face
Impact of ‘housing slump’ on equity release customers
December 15, 2007 by admin
Filed under News, News-Mortgages
It is “too early” to predict the impact of the housing market’s current state on equity release customers claims a housing expert. 
If house values for equity release customers do decrease, the distance between the amount the estate will eventually owe and the value of the house could be less
“But that’s only if it’s a really long term housing price reduction,” said Anthony Rafferty, head of marketing post retirement for Norwich Union.
He added: “We are a nation talking ourselves into a housing slump by using the word slump.”
The impact of the so-called housing slump has not been felt with equity releases as much as it has with mortgages, according to Mr Rafferty.
The BBC reported that a growing number of consumers are choosing to tap the value of their home through equity release schemes to enhance the funds.
Halifax’s November House Price Index found a 1.1 per cent monthly fall in house prices.
This is the third successive month it has reported falls, with the average UK house price now standing at £194,895.
