Newcastle Building Society has today launched an equity release advisory service as part of its advice proposition.
The building society says it aims to offer a high quality advice service and is making customer safety a top priority for all equity release advice.
John Digman will head the new service with a team of specialist consultants, all of whom are Chartered Institute of Insurance qualified advisers.
The equity release offering previously focused on lifetime mortgage advice, but the new service will also advise on home reversion schemes. All products offered by Newcastle Building Society are part of Safe Home Income Plans (SHIP), the industry body for the equity release industry.
Commenting on the launch, Bob Mottershead, retail sales executive at Newcastle Building Society, says: “We are delighted to launch the Newcastle Building Society Equity Release Service. The Society is committed to providing high quality financial services advice to our customers and being able to offer advice across all sections of the equity release market is an extremely important part of this.”
In addition to using only SHIP members’ products, the society says it will ensure customer safety by providing qualified advisers, using a selection of the UK’s top providers and will only offer products with a no negative equity guarantee.
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