Why London Gentrification Sees Equity Release Plans Prosper
May 19th, 2014
Savills recently released census data regarding the gentrification of London. Their results show that wealthier individuals are returning to London and buying up property. This is creating some interesting situations. One property is becoming lower in supply as demand is up. This in turn is creating a lovely increase in housing values throughout Greater London. As a result of better housing values, over 55s are tapping into equity release plans to take advantage of the rise of the equity stakes in their homes. …read more
Why Are Sales of Hackney Equity Release Schemes Booming?
May 19th, 2014
Hackney is just one borough of Greater London that has seen a drastic change in property market values in recent years. A lot of this has to do with the Olympic effect. The Olympics brought back hope that London was in recovery or would soon recover, thus helping the rest of the UK to end the recession. Combined with the Cross Rail project nearing completion in 2018, urban life is sparkling right now. There is no longer a need to be in rural areas for affordability, when better transportation and more return on property investment can be found. Hackney has seen an increase of 44 per cent and is considered one of the fastest growing areas of Greater London right now. For over 55s living in Greater London experiencing housing price increases, equity release schemes are becoming imperative topics. …read more