Allowing them to submit business online, the new service provides the brokers with a fully regulated service whilst removing the compliance burden from the introducing broker.
The service pays a 1.75 per cent introducer fee, which includes a 0.5 per cent enhancement paid for all cases referred by brokers who register with the service before the end of January 2008.
Furthermore, the broker is kept informed every step of the way, including email updates at:
1. Referral received
2. Appointment arranged
3. Appointment completed
4. Valuation instructed
5. Issue of client offer
6. Acceptance of client offer
7. Completion
8. Or, if at any point the client decides not to proceed
Clients will benefit from the choice of roll-up mortgage, fixed mortgage or reversion schemes, a range of options including protected equity and guaranteed drawdown and up to 5 face to face consultations.
Daren Carter, managing director of In Retirement Services, said; “Our new facility allows brokers to offer a comprehensive equity release service, which financially reflects the value of their customer and the need for the broker to be kept informed every step of the way.”
Brokers can register for the new online service at www.ifaequityrelease.co.uk
