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Home equity soaring too high since the last decadeHome equity release has increased 50 times since 1993 says, market analysts Mintel. The home equity market is growing at a faster pace as more people are looking to unlock the capital tied in their homes. The equity schemes have high consumer awareness and are extremely popular among retired people.

UK ( home-loans-for-everyone ) June 24, 2005: One of the prominent market analysts, Mintel has found that the home equity market has grown by fifty times since 1993. The market for equity release plans has grown to £ 1.2 bn.

The home equity market is presently one of the fastest growing financial services sector as increasing number of people are looking to raise cash out of their homes for their financial needs.

These schemes are very popular among retired people. Rise in life expectancy, decrease in state pension and personal pensions make them to look for alternative options to fund their retirement period. This is done usually by home equity loans or by selling a part of their home.

Experts believe that the market will sustain its growth due to introduction of mortgage regulations and will bring new lenders in the market. The awareness of theses schemes among consumers is very high with only less than 5 per cent claiming they never heard about the scheme.

For additional information on the news that is the subject of this release ( or for a sample, copy or demo ), contact Webmaster or visit www.home-loans-for-everyone.co.uk 





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