Withdrawal of equity from homes rising again

Withdrawal of equity from homes rising again
People took more equity out of their homes in the fourth quarter of 2005 than at any time for a year, Bank of England figures show. Mortgage equity withdrawal was 11.8bn in the period against 8bn in the previous three months. The new figure is equivalent to 5.6% of post-tax incomes, up from 4.2%.

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The ECB''s rate verdict on Thursday is not expected to bring any change but open the door for a hike in May. The ECB has already hiked rates by two quarter points since December, taking the benchmark rate to 2.50 pct from 2.00 pct.

Withdrawal of equity from homes rising again
People took more equity out of their homes in the fourth quarter of 2005 than at any time for a year, figures show.