The fixed interest rate for lifetime mortgages introduced by intermediaries will be 6.87% (7.30% APR). The fixed interest rate offered by the Norwich Union Personal Finance sales force will be 7.06% (7.50% APR).
Mark Kelly, director of Norwich Union Personal Finance, said: “Norwich Union is the leading provider of lifetime mortgages in the market and we continually review our interest rates to ensure that they remain competitive.”
