Age Partnership is set to launch a specialised equity release lending arm in the second half of 2013.
The retirement specialist has applied to the FSA for lending permissions and says it is currently in discussions with a funder.
Age Partnership technical manager Simon Chalk says:
"We will be moving into lending and we are looking to launch later this year with a product which we intend to make available to the wider intermediary community.We hope to become the tenth provider this year in this sector."
Chalk joined Age Partnership, from Bower Retirement, earlier this month as technical director.
Simon Chalk, Technical Manager - Equity Release
Tel: 07734 151 251
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Equity release may involve a lifetime mortgage or a home reversion plan. To understand the features and risks, ask for a personalised illustration.
Important Information – Equity Release
Equity release may involve a home reversion plan or lifetime mortgage which is secured against your property. To understand the features and risks ask for a personalised illustration.
Age Partnership will let you know how much tax-free cash you could unlock, if its right for you and the different options available, the effect on the amount of inheritance you can leave and if your entitlement to means-tested benefits could be affected now or in the future.
We provide initial; advice for free and without obligation. Only if you choose to proceed and your case completes would a typical fee of 2.25% of the amount released be payable.
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In an independent audit by Investor in Customers, Age Partnership achieved the highest possible rating of ‘Exceptional’ for its service in 2012, 2013 and 2015.
Age Partnership has received the Plain English Campaign’s ‘Crystal Mark’ for the clarity of its customer literature on equity release and annuities.
Age Partnership featured in the 2011 Sunday Times ‘Fast Track 100’ as one of the UK’s fastest-growing private companies.
Age Partnership Ltd is authorised and regulated by the Financial Conduct Authority. FCA Register Number 425432.
Age Partnership Ltd, 2200 Century Way, Thorpe Park, Leeds LS15 8ZB.