Norwich Union is launching a property cash release scheme on 15 November to replace the existing Cap...
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 property. The minimum loan is the higher of 10% of the value or £10,000, while the maximum is between 18% and 45
Initial loans carry commission of £150 plus 0.5% of the loan, while any additional loans features commission of 0.5
'Asleep at the wheel'
Nomination deadline - 28 June 2019
Tactical opportunities will arise
Multi-asset funds saw £7.9 billion in net retail sales in 2018, sparked by a heightened awareness of risk, following a resurgence in volatility. Scottish Widows examines the appeal of this approach.
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