Thursday, 23 August 2012 17:05
SimplyBiz Mortgages unveils equity release proposition
SimplyBiz Mortgages has announced the launch of its equity release proposition.
It offers their members a centralised hub of lenders and referral partners, specialised solicitors, product information and compliance support, including a number of exclusive deals and discounted offers. The offering has been built in partnership with the leading providers in the equity release market.
Martin Reynolds, Chief Executive Officer of SimplyBiz Mortgages, said: “We believe that equity release is moving into its next stage of development for a number of reasons. Whilst we are beginning to see pension shortfalls, the key driver moving forward could be the interest only situation within the mainstream market. Where borrowers have no repayment vehicle in place, or a potential shortfall, moving to a lifetime mortgage may be their only option.
“Our new offering will provide our members with access to all areas of the equity release proposition and will compliment their current retirement planning options.”
The new package also includes a referral service, for SimplyBiz Mortgages Members who do not hold the relevant qualifications to conduct equity release business. SimplyBiz Mortgages will also shortly be providing help and assistance for members who do wish to gain these qualifications.
On launch, the proposition also offers exclusive enhancements to a selection of products from LV= and Partnership, says SimplyBiz.
SimplyBiz Mortgages provides mortgage and general insurance solutions to over 2700 financial advisers who are registered with The SimplyBiz Group. The SimplyBiz Group provide compliance and other business support services to over 2000 financial services firms and 5000 individual advisers nationwide. In addition to SimplyBiz and SimplyBiz Mortgages, The SimplyBiz Group also includes Compliance First, Verbatim Asset Management, and the not for profit New Model Business Academy.
It offers their members a centralised hub of lenders and referral partners, specialised solicitors, product information and compliance support, including a number of exclusive deals and discounted offers. The offering has been built in partnership with the leading providers in the equity release market.
Martin Reynolds, Chief Executive Officer of SimplyBiz Mortgages, said: “We believe that equity release is moving into its next stage of development for a number of reasons. Whilst we are beginning to see pension shortfalls, the key driver moving forward could be the interest only situation within the mainstream market. Where borrowers have no repayment vehicle in place, or a potential shortfall, moving to a lifetime mortgage may be their only option.
“Our new offering will provide our members with access to all areas of the equity release proposition and will compliment their current retirement planning options.”
The new package also includes a referral service, for SimplyBiz Mortgages Members who do not hold the relevant qualifications to conduct equity release business. SimplyBiz Mortgages will also shortly be providing help and assistance for members who do wish to gain these qualifications.
On launch, the proposition also offers exclusive enhancements to a selection of products from LV= and Partnership, says SimplyBiz.
SimplyBiz Mortgages provides mortgage and general insurance solutions to over 2700 financial advisers who are registered with The SimplyBiz Group. The SimplyBiz Group provide compliance and other business support services to over 2000 financial services firms and 5000 individual advisers nationwide. In addition to SimplyBiz and SimplyBiz Mortgages, The SimplyBiz Group also includes Compliance First, Verbatim Asset Management, and the not for profit New Model Business Academy.
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