News- Equity Release Loan Soars High in UK
London : (ask4loan): 20 March, 2006: Mortgage lending in UK kept going high in January 2006. UK citizens were noticed to use the equity tied-up in their house in large numbers. 14,000 new home loans got approval in January which is 8% higher than that of January, last year. 
However, the figure shows a different picture if compared to December last year. The number and value of loans approved for people buying properties was lower than December.
The number of loan approvals in December was 32% higher and its value was 47% higher. It is to be mentioned that nearly 45,000 loans are yet to get approval though they are already agreed.
On the other hand the number of people remortgaging was noticed to be going down when compared to December. But the number of people taking out equity release loan was up.