Newcastle Building Society Equity Release Service is asking advisers who do not have a specialist knowledge of equity release products to introduce it to suitable clients.
The new service from Newcastle BS specialises in lifetime mortgages and home reversion plans provided by Safe Home Income Plans (SHIP) members. Newcastle says it is looking to expand its relationships with introducers that do not want the compliance and regulatory costs of operating a full equity release advice service, but who still want to earn introducer fees from clients seeking to use equity in their homes for retirement. Newcastle says it puts customer safety at the forefront of its service as it only chooses plans from SHIP members and all advisers are holders of the Chartered Insu...
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