The Society is looking to expand its relationships with introducers who do not want the compliance and regulatory costs of operating in the specialist equity release marketplace. Introducers will be paid a fee for each client they refer.
Newcastle’s equity release service advises customers on both lifetime mortgages and home reversions offered by Safe Home Income Plans (SHIP) approved providers. The team of specialist consultants are all holders of the CII Certificate in Equity Release.
The team aims to provide the highest quality advice to those looking for additional capital or income in their retirement, guiding them towards the most appropriate plan should equity release be a suitable course to follow.
Bob Mottershead, retail sales executive at Newcastle Building Society, commented: “We are pleased to be able to open up our service to clients beyond our own customer base and to be able to build relationships within the intermediary sector.
“Whilst equity release may not always be the best option, our qualified advisers can provide clients with expert guidance and, where appropriate, recommend a product that is suitable for the client's own particular circumstances.”
