Released on = July 14, 2006, 1:01 am

Press Release Author = Garry Hudson

Industry = Financial

Press Release Summary = According to Norwich Union, home improvements, car purchase,
and holidays are some of the most favoured option of spending money that has been
released from taking out a lifetime mortgage. Approximately a total of 77 percent of
those who take out company's lifetime mortgage policy spends extra money on home
improvement whereas 34 percent spend on holiday packages.

Press Release Body = London (bad-credit-mortgage-choice) July 03, 2006: According to
Norwich Union, home renovation, car purchase, buying holiday packages are some of
the most popular ways to spend money released from lifetime mortgage. Around 77
percent of those who choose company's lifetime mortgage spend extra money on
renovating their homes, whereas 34 percent were reported to invest in a holiday. The
mortgage company's new research also reveals that 26 percent of such mortgage
borrowers also spend their money for buying cars. Nevertheless, 68 percent of
customers waste nearly one year in considering the option and actually investing in
one.

Daren Carter, director of sales and marketing at Norwich Union Personal Finance,
said that majority of money released through equity was used for such practical
purposes. Such moves were already helping thousands of people to make their lives
more comfortable after retirement by filling any gaps in retirement income, funding
for home renovation. He further stated that by taking a lifetime mortgage, borrowers
can present a lifetime legacy. According to British Banker's Association, with
approximately £ 18.2 billion record lending took place in the month of May.

It is apparent that lifetime mortgage is a versatile mortgage and even provided to
those who have had bad credit in the past. Lifetime mortgage can be a bad credit
mortgage.

For additional information on the news that is the subject of this release (or for a
sample copy or demo), contact Webmaster: www.bad-credit-mortgage-choice.co.uk


Web Site = http://www.bad-credit-mortgage-choice.co.uk

Contact Details = 11 Parade House, 135 The Parade, High Street, Wat Ford,
Hertfordshire,WD171NA
Ph: 0800 097 3654
Fax:845 890 9008