Reversions rise

Safe Home Income Plans has seen a significant increase in home reversions business. SHIP, which represents over 90% of the equity release sector, says the fact that property price inflation is lower now than in recent years makes reversion products more attractive.

New business written in Q3 was 293.6m, 12.5% ahead of Q2. Home reversions business rose significantly from 10.6m in Q2 2005 to 17.3m.