Equity release up 10%

Safe Home Income Plans (SHIP) has reported a 10% rise in equity release in Q3 2008 over Q2 2008. There could be many reasons for this but with house prices falling fast and expected to continue on their journey south it may be that people are bringing forward their existing plans to release equity.  Those who have their pension invested in volatile assets that are suffering a downturn at the moment may also be turning to equity release to shore up the gap.  It certainly beats crystallising losses on the stock market.