From: sam1967@hetnet.nl
Newsgroups: uk.finance
Subject: HELP::: REMORTGAGING V EQUITY RELEASE
Date: Sun, 04 Apr 2004 12:15:08 +0100

can someon explain to me the difference between remortgaging and
equity release.
I always though they were the same thing.

From the Property Times (April 1, 2004)

"Figures from the Council of Mortgage Lenders (CML) showed that
mortgage lending slowed down in February... The CML said a total of
£20.1 bn was advanced during the month (February)....the report
revealed that lending to people buying a property was down slightly at
£ 9.8 bn accounting for 49 % of total lending, while remortgaging
accounted for 41 % and equity release for a further 8 % "

are these mortgage lending figures historically abnormal ?
in the past (1950 s - 70s ) would it have been normal for remortgaging
and equity release to account for 50 % of all mortgage lending ?