Norwich Union Equity Release (Oct 2021)
Norwich Union Lifetime Mortgage Review
Are You Considering Norwich Union Equity Release? What are the Pros, Cons & Costs? Discover If Norwich Union Lifetime Mortgage Schemes are for You.
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Norwich Union Equity Release Review
I think you’ll agree with me when I say:
It’s REALLY hard to choose the best equity release provider with all the choices available.
Or is it?
Is Norwich Union equity release the best?
As experts in the equity release field (we’ve reviewed over 250 schemes!), we’ve combed the market, researched all equity release service providers and narrowed it down to who’s on top.
What's Equity Release & How Does It Work?
We've summed up the most important information about the topic in this quick video.
An equity release mortgage is, in a nutshell, a loan plus interest that is paid back to the lender when the homeowner passes away or goes into permanent care. The homeowner’s family usually pays back the cash released, and the interest incurred, from the sale of the home in question.
Equity release is available for individuals or couples over 55, with the youngest homeowner’s age determining the amount of equity that can be released. It is important to note that some equity release schemes may require the homeowner to be 60 or older.
Learn More: What’s Equity Release & How Does It Work?
What About the Norwich Union Equity Release Calculator?
Before you consider using the Norwich Union equity release calculator, please take note.
Our providers can almost always match & BEAT any existing equity release quote that you find through Norwich Union. So first use this calculator below & see how much you can release.
How Much Can You Release?
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It's VERY FAST, takes just 8 seconds
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About the providers we compare
Most popular reasons for releasing equity
Norwich Union's Equity Release & Lifetime Mortgage Schemes
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Who Are Norwich Union?
Before June 2009, the British portion of the insurance corporation Aviva was known as Norwich Union. It first opened its doors in 1797. It was previously a component of the FTSE 100 Index and was listed on the London Stock Exchange. 1
Aviva has developed from a succession of corporate mergers to become the world’s fifth-biggest insurer, serving roughly 50 million consumers with savings, investments, and insurance.
Today’s shift is part of Andrew Moss’s “One Aviva, twice the value” strategy, which intends to maximise the company’s full potential as a worldwide group, which was announced in October 2007. Aviva’s goal to flourish in an increasingly competitive and worldwide industry requires a consistent, recognisable trademark and identity throughout all of its territories.
For Norwich Union customers, joining Aviva means more than simply a name change; it also means becoming a part of a company that is evolving to suit the demands of its clients. Aviva clients in the UK will benefit from the group’s worldwide knowledge and expertise, which will result in enhanced products and services in the future.
Aviva is presently the world’s fourth most valuable insurance brand, and the name change advertising campaign in the UK has been extremely successful; public awareness of the name change jumped to approximately 80% following the initial burst of advertising and has remained high. Because of the present economic circumstances, Aviva has been able to promote at cheaper rates, obtain more cut-through, and gain from the additional exposure, such as when advertisements stayed on billboards after the paid-for booking period had expired.
Want to compare this company with another? Try equity release calculator BBC.
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- Aviva Equity Release UK Limited
- Norwich Union Equity Release Limited
FCA Permitted Services
- Mortgages & home finance
- Consumer credit
- Other activities
- Financial Conduct Authority
- Financial Services Authority
- FCA Ref Number: 310433
- FCA Reg Number: 03286484
Norwich Union Info
Got Questions About Norwich Union & Lifetime Mortgages? Check These First
Is Norwich Union A Member of the Equity Release Council?
Norwich Union is not a member of the Equity Release Council.
What Are Norwich Union's Interest Rates on Equity Release?
On its website, Norwich Union states that it will lend you up to 75% of the value of your home for a period of 25 years, at “an introductory interest rate [of] 4.99%” over that time.
Who Owns Norwich Union?
Norwich Union is owned by its employees. In 1968, it became a public limited company and at that time ownership of the company was transferred to its members (all employees).
Where is Norwich Union Located?
Norwich Union’s headquarters are located in London, United Kingdom.
PS – If you’re anything like us, you skipped to the end anyway.
So here’s the scoop – our intention is to help you by finding the best lifetime mortgage so that you can spend the money on something that you really want to, rather than on a high tax bill.
Most send us a personal thank you because we do such an incredible job.
Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.
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Most people are using equity release as a means of retaining the use of their house while also obtaining a lump sum or a steady stream of income. Get matched with an expert and check your eligibility for equity release options.
Use our free equity release calculator & see how much you can release today.