Books > Law > Laws of other jurisdictions & general law > Private, property, family law > Property, real estate, land & tenancy law
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Home Equity and Ageing Owners - Between Risk and Regulation (Hardcover, New)
Loot Price: R4,299
Discovery Miles 42 990
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Home Equity and Ageing Owners - Between Risk and Regulation (Hardcover, New)
Expected to ship within 12 - 17 working days
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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.
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