Home Equity and Ageing Owners - Between Risk and Regulation (Hardcover, New)

The growing use of housing equity to support a range of activities and needs raises complex issues, particularly for older owners. In an environment in which older owners are pushed towards housing equity transactions to meet income and welfare costs, they are required to make choices from a complex and sometimes bewildering range of options. The transactions which facilitate the use of home equity as a resource to spend in later life - from 'trading down' and 'ordinary' secured and unsecured debt to targeted products including reverse/lifetime mortgages, home reversion plans and sale-and-rentback agreements - raise important legal and regulatory issues. This book provides a contextual analysis of the financial transactions that older people enter into using their housing equity. It traces the protections afforded to older owners through the 'ordinary' law of property and contract, as well as the development of specific regulatory protections focused on targeted products. The book employs the notion of risk to highlight the nature and causes of the 'situational' vulnerabilities to which older people are now subject as 'consumers' of housing equity, showing that the older owner's personal situation is crucial in determining whether and why they may seek to release equity, the options and products available to them, and the impact of harms resulting from adverse transactions. The book critically evaluates the extent to which this context is incorporated in the legal frameworks through which these transactions are governed, as a measure of the 'appropriateness' of existing legal provision, as well as considering the arguments surrounding 'special protection' for older owners in housing equity transactions.

General

Imprint:	Hart Publishing
Country of origin:	United Kingdom
Release date:	2012
First published:	2012
Authors:	Lorna Fox O'Mahony
Dimensions:	244 x 171 x 31mm (L x W x T)
Format:	Hardcover
Pages:	412
Edition:	New
ISBN-13:	978-1-84946-007-1
Categories:	Books > Law > Laws of other jurisdictions & general law > Private, property, family law > Property, real estate, land & tenancy law Promotions
LSN:	1-84946-007-8
Barcode:	9781849460071

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