Find out how advisers can get accredited
The Right Mortgage & Protection Network, along with its subsidiary The Later Life Lending Network, has launched a new accreditation scheme for advisers specialising in later life lending.
The Later Life Lending Accredited Adviser (LLLAA) designation will be available to advisers within the network who meet specific criteria. These advisers will provide a comprehensive approach to later life lending, offering clients access to a broad range of products, including lifetime mortgages, retirement interest-only mortgages, and standard mortgages for older borrowers.
To achieve LLLAA status, advisers must meet quality standards, maintaining an 80% or higher file grading across their cases. The accreditation will be reviewed annually, based on the adviser’s involvement in the scheme, participation in later life lending events, and ongoing professional development.
The first group of accredited advisers has already been recognised by the network, which plans to showcase their achievements in a members’ directory on its website. A launch event, in partnership with Air Group, will take place on October 1 to celebrate the accreditation.
The network currently includes over 110 advisers specialising in later life lending, offering a range of products and services. The Right Mortgage’s sister company, The Right DA Club, recently became an Ambassador of Air, giving its members additional benefits.
In addition to the accreditation, The Right Mortgage is organising later life lending roadshows for equity release-authorised members and those looking to enter the market. A year-end celebration and gala dinner are also scheduled for next year.
Victoria Clark (pictured left), head of equity release at The Right Mortgage & Protection Network, said the LLLAA designation will give advisers a competitive advantage in securing new clients and referrals.
“The LLLAA scheme has been designed to showcase the excellent work of these individuals,” she said. “With new products arriving regularly for this borrower demographic, it is vital that advisers are able to cover all available options.”
Paul Glynn (pictured right), chief executive of Air, also highlighted the growing demand for later life lending products.
“Undoubtedly, more and more borrowers are either taking mortgage debt into later life or have a specific need for loans at a later age,” he said. “It’s highly important advisers make the most of this opportunity to service this client base with confidence.”
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