Over 17,000 people released equity that was tied up in their homes in 2012, the strongest market performance since 2009, highlighting the growth of popularity of equity release as a means of providing additional income for the over 55's.
Age Partnership, who has recently been awarded the Investor in Customers highest accolade for customer service, and has helped thousands of customers unlock cash from their property, enjoyed its busiest year since forming in 2005.
Tim Loy, chief executive of Age Partnership, said: "I'm delighted that more and more people are starting to see how equity release can make a real difference to their quality of life in retirement.
"We have invested heavily in our colleagues to provide an excellent service, and I'm delighted that this has been recognised with the highest possible accolade from Investor in Customers."
Simon Chalk, technical manager, Age Partnership, added: "The Equity Release Council figures for 2012 are most encouraging and the early sign are that 2013 will be better still. With leading specialist advisers like Age Partnership attaining Investors In Customer status, and with fantastic offers from Lifetime Mortgage lenders, we are proving that past difficulties in equity release are consigned to history and that the customer is at the centre of everything we do."
Simon Chalk, Technical Manager - Equity Release
Tel: 07734 151 251
Notes to editors
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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 lifetime mortgage or a home reversion plan 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 2.2% of the amount released be payable.
Over 2500 independent reviews on Trust Pilot.
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.