Norwich Union mortgages breaks equity release record
www.moneynews.co.uk > Mortgages > Norwich Union mortgages breaks equity release record
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Money News |
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Norwich Union mortgages breaks equity release record
Thu 3rd Feb 2005
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Figures released by Safe Home Income Plans (SHIP) also confirm its position as UK's leading provider of lifetime mortgages, with a total market share for 2004 of more than 40 per cent.
Mark Kelly, director of Norwich Union Personal Finance, said: "Norwich Union's figures are excellent. In the fourth quarter of 2004, we wrote more lifetime mortgage business than in any other quarter and our figures are up about 11 per cent on the same period last year.
"This is further evidence that the platform created by the introduction of mortgage regulation last year is having a real impact on consumer confidence.
"We anticipate continued market growth in 2005, and the figures released by SHIP are encouraging.
"They show that more and more people are realising the benefits that taking out a lifetime mortgage can bring."
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