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The value of equity release plans arranged by Home & Capital Advisers in the four months to August 2008 increased by 43 per cent compared with the equivalent period last year and its business pipeline indicates the rate of growth is accelerating.

The value of home reversion plans written by Home & Capital has increased by 20 per cent in the same period.

Paul Spencer, chairman of Sovereign Reversions, said: "Home & Capital's equity release services are performing ahead of expectations and we believe our business model is resilient against the harsh economic background.

"There will be an increasing need for Home & Capital's equity release advisory services as a growing number of retired homeowners seek to improve their financial position."