The Society’s equity release offering previously focussed solely on advising customers on lifetime mortgages offered by Safe Home Income Plans (SHIP) approved providers.
John Digman recently joined the Society to head up the Equity Release Service and leads a team of specialist consultants who are Chartered Institute of Insurance (CII) equity release qualified advisers.
Bob Mottershead, retail sales executive at Newcastle, said: “Expanding to include newly regulated home reversion schemes enables us to meet the needs of today’s maturing society and offer advice on all forms of equity release. This meets the needs of a wider range of customers and ensures they are being guided towards a product which is right for their individual circumstances.”
To guarantee customers’ safety, Newcastle Building Society Equity Release Service will continue to only recommend equity release schemes from providers who follow the SHIP Code of Practice.
It has also introduced its own 5 star promise to:
- Search a selection of top UK providers
- Only offer schemes provided by SHIP members
- Recommend products that offer a no negative equity guarantee
- All consultants fully qualified Equity Release Advisors
- Provide a personalised illustration for you including any recommendations
