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NU improves cash release terms on home reversion

Norwich Union is improving the cash release terms on its home reversion plan.

NU says this could mean up to 2,000 extra cash compared against old rates.

For example, a 75 year old male selling all of his 200,000 property would now receive 105,798 against 104,320 before the review.

NU head of marketing Nigel Spencer says: “On price we are particularly strong above age 70 and for joint cases. Our in-built guarantees also provide customers with a high level of protection and benefit.”

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