Best Buy Equity Release product to go

Due to current rate increases in the market, The Equity Release Club announced today that their exclusive Norwich Union 6.2% Equity Release Mortgage product is unlikely to be around too long.

The scheme is available only through Equity Release Club members and provides a BEST BUY drawdown scheme which is market leading.

Jerry Figueroa-Lee, equity release specialist at The Mortgage Warehouse commented,

“With the Norwich Union Equity Release Cash Reserve Option you can choose to release a smaller amount up front and keep a reserve of money which can be guaranteed for 10 years and available to call on in the future as and when required. At this rate we would advise those seeking an equity release mortgage to move quickly. Fixed rates are going up and this is a rate not to be missed.

“This product is not suitable for everyone, and we would recommend that advice is sought before entering into any equity release lifetime mortgage.

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