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Actuaries say price falls won&#39t hit equity release

Fears over the sustainability of house prices should not deter providers from entering the equity-release market, says actuarial consultant Tillinghast Towers Perrin.

Even if predictions of a 20 per cent fall in house prices by 2005 come true, it says older homeowners will still have considerable equity in their properties after seeing the value build up over many years.

It believes that low annuity rates and turbulent stockmarkets mean older homeowners have much to gain by taking advantage of equity release.

Consultant Stuart Robinson says: “A growing number of property market commentators are now publicly voicing concerns that house prices may fall over the next two years. But even if these predictions come true, older homeowners have far less to fear from negative equity than younger borrowers.”

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