John and Shirley Dobson, originally from Bradford, moved to their home in Lincolnshire 18 months ago and decided to take out a Lifetime Mortgage plan on their property with Norwich Union. This has allowed them to release the equity tied up in their home which they have used to ease their everyday finances, as well as allowing them to take trips to visit their son, who lives in India.
Anthony Rafferty, head of marketing, post retirement for Norwich Union commented: “Norwich Union has been in the equity release arena for over 10 years, and we are delighted to be able to announce that within that time we have successfully helped over 80,000 customers to release some of the cash tied up in their homes.
“Many retirees are facing a tough time financially. With pensioner inflation at high levels and the fall in interest rates affecting those who rely on interest from their savings, equity release is an attractive option for those who would like to top up their existing pension provision.
“We hope that Mr and Mrs Dobson thoroughly enjoy their hamper and we look forward to helping many more retirees in the coming years.”
Loading ...