- Remove tax-free equity from your property with the help of Norwich Union Equity Release.
- You don’t need to make regular monthly payments unless you want to pay interest only.
- Free valuation
- No lender fees
- No product fees
- No early repayment charges
- 5.12% Fixed for life
- Help your family with the cash you release
- Continue to stay in your home
- It could be used to optimise tax planning
Customer Testimonials
Mr Shaw from Bradford
I thought I would have to sell my home to repay my mortgage, as the bank wanted its money back. With the money left, I could only afford a flat, which would have put me further away from my daughter and her children. Downsizing was a bad idea for me.
My lifetime mortgage was ideal for me, as I had no monthly repayments and could pay off my old mortgage. I saved the cost of moving to a new flat, which I would have paid to move to a place I did not want.
The no-negative-equity guarantee and the assurances of the Equity Release Council were fundamental to me. I am better off each month and have some tax-free cash on hand in case repairs to the house are necessary.
Mrs Yardly from Sheffield
I had an old, tired car and an unreliable central heating system. Repair bills kept mounting, leaving me with less money to spend on holidays and other lovely things. A friend said I should consider equity release, but I was put off by the horror stories of the roll-up/compounded interest destroying people’s homes.
When I did my own homework, I found in 2026 equity release interest rates were very low, and the negative press was around people who had been ripped off with high rates in the past.
Even if my house price only increased slightly, the roll-up interest would be covered. The equity release enabled me to purchase a nice 3-year-old car and a new boiler, so I was no longer wasting money on repairs.
Mrs Heart from Aberdeen
I was struggling to pay my mortgage and had no money left for emergencies at the end of the month, let alone saving for a holiday. I had investigated home reversion plans, but they did not appear to be the right solution. Equity Release for older borrowers with no monthly repayments was precisely what I wanted, and the interest rate was very low.
I paid off my mortgage. I live in an area where house prices are steadily increasing, so retaining 100% ownership of my home is wise. I am confident that my house price appreciation will be much bigger than my roll-up interest.
Mr Howarth from Leeds
I am healthy and have a good income from my pensions for later life. I decided to release equity from my unencumbered home with a retirement interest-only mortgage (RIO mortgage) to upgrade my kitchen and bathroom and provide financial support to my children to help them move into larger homes.
I had no issues with the minimum or maximum age requirements or affordability.
The interest rate was very low, like a prime conventional mortgage from a bank or building society. The monthly payment was tiny compared with the rest of my outgoings. The whole process was authorised and regulated by the Financial Conduct Authority.
William from Birmingham
My son knew a guy who owned six pubs. Due to successive lockdowns caused by COVID-19, he had to make a quick sale of his holiday home in Cornwall. My equity release money enabled him to buy his flat at 35% under market value. Not only do my family members share the use of a holiday home, but the rental income is also significantly more than the interest on the equity release.
It is expected that individuals searching for lump-sum lifetime mortgages, home reversion schemes, or home reversion schemes will be identified; however, Key Retirement, like AIG Life, is keen to see evidence of your circumstances, such as investment statements.
Equity Release LTV Percentages
The older you are and the more illnesses you have, the more cash you can release
Equity Release Lenders
- Age Partnership
- Norwich Union
- Step Change
- More to Life
- Bridgewater
Equity Release Loan To Value
- 50% interest-only lifetime mortgages Legal & General
- 55% loan-to-value lump sum lifetime mortgages 1st Stop Home Loans
The lender will want to know if the property is a Detached freehold house or a Leasehold flat with a share of freehold and if the occupier is an owner-occupier.
UK Equity Release Providers similar to Norwich Union Equity Release
Individuals often look for monthly payment lifetime mortgages, interest-only lifetime mortgages, or other types of lifetime mortgages. However, Age Concern, like Royal London Equity Release, is eager to see evidence of your situation through pension statements.
- Hodge Indexed Lifetime Mortgage
- Just Retirement Equity Release
- More to Life Capital Choice Plan
- Stonehaven Equity Release Plan
- Lloyds Bank Equity Release
- More to Life Capital Choice Plan
- Norwich Union Equity Release
- More to Life Capital Choice Plan
- Norwich Union Equity Release
- L&G Legal & General Premier Flexible Lifetime Mortgage
- Pure Retirement Lifetime Mortgage
- More to Life Flexi Choice Drawdown Lite Plan
- L&G Legal & General Flexible Max Scheme
- Pure Retirement Classic Voluntary Payment Super Lite
- Lloyds Bank Lifetime Mortgage
- Barclays Interest-Only Lifetime Mortgage
- NatWest Interest-Only Lifetime Mortgage
- Saga Equity Release Schemes
Mortgages Over 70 UK
Metrobank Equity Release
Pensioner Mortgages
Equity Release Yorkshire Building Society YBS
Yorkshire Bank Equity Release Scheme
YB-Yorkshire Bank Lifetime Mortgage
Legal & General Lifetime Mortgage
Downsides of Norwich Union Equity Release
Norwich Union Equity Release can reduce the value of your estate. Home reversion plans may affect your eligibility for state benefits. You may need to pay a broker’s fee, and some products may expose you to interest rate fluctuations.
Applications of Home Reversion Schemes or Aviva equity release
It can aid in tax planning, and the interest rates on the money can be attractive. You can use it to help a family member buy their home with a modest mortgage or pay down your debts, so you have more monthly disposable income.
- Legal And General Lifetime Mortgage Home Reversion Plan
- Nationwide
- Just Retirement
- Step Change Equity Release Mortgage Under 55
- Lloyds Lifetime Mortgage Rates 2026
- Nationwide Equity Release
A great lender for equity release is HSBC Equity Release, which has no fees and a free valuation. However, like Aviva Equity Release, it is fussy about age requirements.
- Liverpool Victoria Lve Lv Lifetime Mortgage Home Reversion Plan
- Interest-Only Mortgages For Over-60-Year-Olds
- Stonehaven Equity Release From Property
- Sunlife Equity Release Loan
- Barclays Retirement Mortgage Rates 2026
- More to Life Equity Release Scheme
- Equity Release Calculator Under 55
- Legal And General Equity Release Schemes
Does Norwich Union offer Equity Release?
Yes, Norwich Union Equity Release is available at a rate of 4.16% APR.
- How To Remortgage With Bad Credit
- Halifax Interest-Only Lifetime Mortgages
- LV Equity Release Best Deals
- Halifax Retirement Mortgage Providers
Does Norwich Union offer Pensioner Mortgages?
Yes, Norwich Union Pensioner Mortgages are 4.91% APR.
- Liverpool Victoria Lve Lv Lifetime Mortgage Under 55
- Lloyds Equity Release Best Deals – Updated For January 2026
- Lowest 5-Year Mortgage Rate
- Key Solutions Lifetime Mortgage Mortgage
Does Norwich Union offer Retirement Mortgages?
Yes, Norwich Union Retirement Mortgages are 4.51% APR.
- Natwest Lifetime Mortgage Comparison
- Age Concern Equity Release
- Prudential Lifetime Mortgage Broker
- Direct Lender Mortgage
- More to Life Lifetime Mortgage Broker
Does Norwich Union offer Equity Release for those under 55?
Norwich Union Equity Release Under 55 is 4.56% MER – equity release plans.
- Natwest Equity Release
- Secured Loan Bad Credit Direct Lender
- Stonehaven Lifetime Mortgage Interest-Only Rates
- Secured Loan On A Buy To Let Property
- Secured Loans Direct Lenders
Does Norwich Union offer Lifetime Mortgages?
Yes, Norwich Union does lifetime mortgages at 4.51% APR. Norwich Union Lifetime Mortgages have an LTV of 70% – Updated for October 2026.
Does Norwich Union provide retirement remortgage for people over 60?
Yes, Norwich Union retirement remortgages for over 60s are available at a 4.18% MER fixed rate.
Does Norwich Union have pensioner remortgages for people over 60?
Yes, a Norwich Union pensioner remortgage is available to homeowners aged 60 and above, with a variable 4.59% APRC.
Does Norwich Union offer later-life remortgages for those over 60?
Yes, a Norwich Union later life remortgage for people over 60 is 4.99% MER fixed.
Does Norwich Union offer the best remortgage for retired homeowners over 60?
Yes, Norwich Union offers the best remortgages for people over 60 at a variable 4.98% APRC.
Does Norwich Union offer a remortgaging option for homeowners aged 60 and above?
Norwich Union remortgaging options for people over 60 include a 5.02% AER fixed-for-life option.
Does Norwich Union offer mortgage calculators for those in their 60s?
A Norwich Union mortgage calculator for retired homeowners over 60 shows a 4.76% APR variable rate.
Does Norwich Union do an RIO mortgage for pensioners over 60?
Norwich Union RIO mortgages for the 60s are 4.16% MER fixed.
Does Norwich Union do retirement interest-only mortgages for retired homeowners over 60?
Yes, a Norwich Union retirement interest-only mortgage for over-60s is available at a 4.61% APRC, fixed for life.