Summary
Retired people withdrew (pounds) 1.16bn of equity from their homes in 2003 to finance home improvements, pay for holidays and consolidate debt, research claimed yesterday.
The figure was 36% higher than in 2002, and the growth rate is expected to continue with people withdrawing (pounds) 1.58bn from the value of their homes in 2004, according to Key Retirement Solutions.See the full content of this document
Extract
Home Sweet Home As the Retired Cash In
The group puts the rise down to the sharp increase in the value of property o...
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