Property cash release

Norwich Union is launching a property cash release scheme on 15 November to replace the existing Capital Access Plan The Flexible Cash Release Plan allows clients to release a cash loan from their property while retaining ownership of it. No repayments are required during the client's lifetime Interest is charged at a fixed rate against the amount of the loan instead of the initial value of the property and the property can be revalued at certain points, which may allow further loans to be advanced Applicants can also choose the amount borrowed, between limits, of the value of the prope...