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Norwich Union beefs up LTV rates

The equity release provider is enhancing its lifetime mortgage product range by increasing its LTV on all fixed rate and providing cash reserve option.

The plan hopes to introduce further flexibility to the market and allow clients to withdraw more equity from their property.

Dominic Fraser-Smith, group product manager at Norwich Union Post Retirement Products, says: “With equity release becoming an increasingly attractive option to many over 60s we are delighted to be able to offer these increased LTVs on our lifetime mortgage product range.

“We hope that by increasing our LTVs, advisers will be able to offer their clients even more suitable products that allow them to release the amount of equity necessary to supplement their retirement provision.”


Packager bosses are trying hard to rebuild confidence

I read with interest the recent letter from Kevin Friend (Mortgage Strategy April 21) in which on one hand he applauds Terry Pritchard for doing everything he could to keep Chase UK going and on the other, urges bosses of other packagers to shut up shop.

TFC urges brokers to capitalise on IT

TFC Homeloans has urged brokers to make the most of the information systems available to them in order to identify remortgage leads from client lists.

BDS and Assurant link up on MPPI

Assurant Solutions Intermediary and the network arm of the BDS Mortgage Group have partnered to provide mortgage payment protection insurance.


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