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.