IFAs using Premier Mortgage Services will be able to benefit from special rates on Norwich Union equity release products it was announced today.
Norwich Union, which has recently joined the Premier Mortgage Services panel, will offer 6.4% for fixed rate lifetime mortgages and 6.45% for cash reserve options.
Commenting on the move, Domini Fraser-Smith, marketing manager of Norwich Union Post-Retirement Products, says: “This move will provide a mutually beneficial relationship for ourselves and advisers on the panel. We look forward to a productive relationship with them going forward and hope to expand our offering with them in the future.”
John Malone, managing director of Premier Mortgage Services, says: “At Premier Mortgage Services we currently complete in excess of 20% of the new business submitted in the equity release intermediary market, so we’re delighted to have a market-leading provider in this area on board.”
Premier Mortgage Services has around 10,000 members and sold £55m of equity release business in the first quarter of 2007.
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Investment trust savings scheme
£8,000 in compensation - FOS
Combined assets of $175m