One it ten to find a remortgage by Finance News Bulletin

Published: 09/11/06

Some ten per cent of borrowers could try to find a remortgage in command to supplement their retirement income, an expert has claimedThe average pan for pensions is thought to be around £25,000, which could go away an increasing number of UK homeowners opting to find a remortgage in order to have a more comfortable way of life after reaching retirement, Prudential foundPrudential is celebrating the one-year anniversary of its life mortgage product, which it believes has been a successThe equity release mortgage option features a speed of 6

44 per cent, with a big amount of flexibility and the option to increase the loan to a higher proportion of the possessions's value, the corporation claimsAli Crossley, director for lifetime mortgages at Prudential, comments: "even-handedness release products give consumers more options for retirement and allowing people better choice was always our number one priority"With the combination of education and innovation, there is now better consciousness amongst consumers"Earlier this year, experts at advice company Defaqto claimed that even-handedness release mortgages may become more prevalent, due to the current pension crisis

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