H&C sees 25% business increase in 2008

24 July 2008

Home & Capital says the results, released by parent company Sovereign Reversion, confirm the positive prospects for equity release.

On Monday the AIM-listed parent firm reported a 17% expansion in assets to reach £77.9m including the growth at H&C.

Graeme Marshall, chief executive of Sovereign and H&C Group, says: “We’re well placed to ride out the economic difficulties the country is currently facing. Softening house prices will increase demand for our home reversion plans.

"The group has also been successfully growing its advisory business through H&C Advisers, which complements our activity as a home reversion provider and investor.”

Marshall says the group now has a whole of market advisory business, and predicts the credit crunch will encourage brokers to see equity release as a key strategic priority for their businesses.