Home Equity Release

Seniors Money is no longer giving loans. Have the others followed suit or is this still available on the Irish market. If so who's doing it?

SHIP have suspended lending also, so nobody are offering these loans. J

Any reason? Poor take up? Difficulties? Legal issues? I never liked them anyway preferring that family step in ( if at all possible)

mf

"Due to the ongoing difficulties in the wholesale banking and the mortgage markets, S.H.I.P. has temporarily withdrawn its Lifetime Mortgage products from the Irish market. Spacer This of course will have no impact on our existing customers who will continue to be serviced as before. Spacer We expect to be in a position to reintroduce the products when normal credit conditions return and the current “credit crunch” problems have been resolved."