In compared to the rest of the UK, people in the south-east of England possess higher amount of equity in their homes.
April 11, 2007 (Press Release) --
London (finance-hub) 10 April 2007: New figures reveal that People in the south-east of England have higher amount of equity available in their homes in compared to the rest of the UK. This indicates that people in this part of the country have better potential as borrowers of secured loans than others.
According to the study conducted by Datamonitor for Prudential, the region's average home equity level is £210,077. This is much higher than the east of England's £183,805 and that of London's £169,477.
The survey also has come out with the fact that between 2004 and 2006 it is the north-east of England, Wales and Scotland that have observed the highest percentage increases in home equity. This revelation is part of Prudential's wider research into the changing state of Britain's wealth.
Director for lifetime mortgages at Prudential, Ali Crossley commented that that was interesting to see how important property had become in constituting their main source of financial wealth. She also added that house prices had risen significantly over the last 20 years and that was one of the reasons why they had seen such a shift in wealth components.
She further told that all of that was positive news for those who wanted to use their property as part of their retirement planning portfolio and for people who needed to boost their state and work pensions.
For additional information on the news that is the subject of this press release or (for a copy, demo or sample) contact webmaster or visit www.finance-hub.co.uk
According to the study conducted by Datamonitor for Prudential, the region's average home equity level is £210,077. This is much higher than the east of England's £183,805 and that of London's £169,477.
The survey also has come out with the fact that between 2004 and 2006 it is the north-east of England, Wales and Scotland that have observed the highest percentage increases in home equity. This revelation is part of Prudential's wider research into the changing state of Britain's wealth.
Director for lifetime mortgages at Prudential, Ali Crossley commented that that was interesting to see how important property had become in constituting their main source of financial wealth. She also added that house prices had risen significantly over the last 20 years and that was one of the reasons why they had seen such a shift in wealth components.
She further told that all of that was positive news for those who wanted to use their property as part of their retirement planning portfolio and for people who needed to boost their state and work pensions.
For additional information on the news that is the subject of this press release or (for a copy, demo or sample) contact webmaster or visit www.finance-hub.co.uk
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