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GBP1bn equity released by retired homeowners.

Publication: Europe Intelligence Wire

Publication Date: 31-JAN-06
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COPYRIGHT 2006 Financial Times Ltd.

(From Western Daily Press)

Retired homeowners unlocked more than GBP1 billion from their properties in 2005, figures showed yesterday.

Industry body Safe Homes Income Plans (Ship) said its members, who represent 95 per cent of the sector, advanced a total of GBP1.1 billion during the year through lifetime mortgages...

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