equity release

Equity Release. Is it right for you?
If you’re over 55 years of age then releasing the cash tied up in your home may be one of the options open to you. It has helped many people to enjoy a more comfortable retirement.

Equity release let’s you stay in your home for as long as you wish, and you can spend the money however you like. It could provide some welcome extra income in your retirement, maybe to repair your home, or simply to treat yourself occasionally. It’s completely up to you.

So should you choose equity release? That’s a decision only you can make; but we can help you make it by giving you the facts right from the start. When considering equity release, it’s important to get advice that takes your individual circumstances into account – that’s why we always arrange for one of our team to come out and visit you if you want to know more about the products.

Our experienced advisers will sit down with you, listen to what you want from retirement and take you through the options Norwich Union can offer. This way, you’ll get a much clearer idea of what equity release is. This equity release product is a lifetime mortgage or a home reversion plan. To understand the features and risks, ask for a personalised illustration.

9 out of 10 of our equity release customers would recommend us to family and friends, so why not talk things through with us? To ensure that you understand the effect equity release may have on your finances, we’ll discuss the effect of house price growth and show you how receiving money from your home’s equity will reduce the inheritance you leave and may alter the tax you pay and any benefits you receive. Please note, we can only offer advice on products sold and marketed by Norwich Union.

Additionally, we are also a member of SHIP (Safe Home Income Plans) a company dedicated to promoting safe equity release plans and providing valuable protection to customers.

If you’d like to find out more about equity release, why not request our new information pack. It includes a DVD film “An introduction to Norwich Union Equity Release” featuring customers who are already enjoying the benefits of releasing cash from their homes, without having to move. The pack also includes a guide called “Equity Release. What is it, how it works and how it could benefit you” which you may also find useful. It’s free of charge, so visit www.norwichunion.com/equity-release to claim your free copy.

Equity release might be right for you, or it might not be. Either way, it makes sense to talk to us; we’ll make sure you’re given all the information you need to make a fully informed decision.

bank accounts

 

 

Current Accounts

Did you know that we are more likely to divorce or move house than change current accounts? It’s true! Most of us open our first ever bank account in our teens and then we stick with it forever and ever and ever. Why?Nevertheless, if you have decided to take the plunge then how do you choose the best current account for your needs?

Find the latest Current Account deals

Saving Accounts

Just about everyone could benefit from saving more but many people say they never have enough money left over to put into a savings account. This isn’t necessarily the case as many people also make lifestyle choices which leave them short of cash.

Find out more about Saving Accounts, Online Saving Accounts, High Interest Saving accounts here.

Child Trust Funds

One in four families have yet to invest the £250 Child Trust Fund voucher they have received from the government. Although the cash is not lost, parents will be at the mercy of someone else’s decision, as the government has said it will put uninvested vouchers in a fund chosen at random.

Find out more about Child Trust Funds

more people lying in an attempt to obtain credit

 

More people are lying on applications to obtain credit says UK fraud prevention service Cifas.

The group says that more people have been lying on application forms for loans and credit cards to try to cover up a poor credit history.

Cifas compiles its figures from 270 member organisations across the banking, credit card, mail order and telecommunications industries among others.

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Lies on application forms have risen by 13% from 19,239 in the first three months of 2007 to 21,780 in the first quarter of 2008.

The most frequent lie, according to Cifas, was failing to disclose a previous address where the applicant had a poor credit history.

According to reports, such lies were counter-productive and those suspected of giving flalse information were unlikely to obtain credit anyway.