In the first half of 2003, Norwich Union’s equity release sales totalled £252 million. This equates to almost £10 million a week in equity being released from people’s homes whilst allowing them to retain full ownership.
Paul Stokes, head of marketing for Norwich Union, said: "The latest sales figures from SHIP and our own sales figures confirm that equity release is now being seen and accepted more as a mainstream retirement planning tool.
"More and more people are now realising that they can retain full ownership of their home and at the same time release capital to enable them to continue to enjoy or improve their lifestyle."
