With help of John Malone as an ambassador Age Partnership plans to grow its service and staff count significantly in the year ahead.
Later life adviser Age Partnership is now offering mainstream mortgage advice alongside equity release due to a perceived blurring between the two.
It launched a mortgage desk in November with a team of four. However with help of John Malone as an ambassador Age Partnership plans to grow its service and staff count significantly this year.
Dan Baines (pictured), commercial director at Age Partnership, said: “Alongside a trend of increasing the maximum age limits across mainstream lenders, we have also seen some innovation that blurs the boundaries between standard mortgage lending and equity release plans.
“Hodge Retirement, for example, is now offering hybrid plans that combine elements of both standard and equity release mortgages; whilst also taking into account retirement income when assessing eligibility.
“This is just one example of the kind of innovation that has led us to broaden our retirement lending service.”
He added: “Ultimately, though, what matters most to us is ensuring that each customer achieves the best outcome, irrespective of whether this means a mortgage, equity release plan or using their pension savings.
“Ensuring that we are able to offer our customers the full range of these services was therefore a logical step for us.”
