Air Sourcing, the equity release and retirement lending sourcing system has launched with over 900 pre-registrations.
The system, developed by Answers in Retirement, features products for older borrowers from across the entire lending market not just equity release.
Air Sourcing allows users to operate a filtering process which reduces the entire current list of products, and their variations, to a suitable final shortlist offering a true-cost comparison. The feature includes interest rates but also incentives such as cash backs and fee incentives.
Advisers will also be able to request their Key Facts Illustration online and download the correct application forms, or apply online with providers offering this functionality.
The free system offers enhanced terms for members of the Equity Release Club and Later Life Academy.
Ray McCarthy, marketing and distribution director at Answers in Retirement, said: “We believe this is a significant moment for both the equity release and the lending to older borrower sectors because we are offering advisers the ability to source products from across these areas and to ensure they can deliver the right advice and recommendations based on their client’s wants and needs, plus the much more stringent affordability requirements they will have to go through.”
Advisers can register for the equity release club development events.
Victoria Hartley is contributing editor at Mortgage Solutions, Specialist Lending Solutions, Your Money and Your Mortgage at London-based publishing company AE3 Media.
She has an MA in Radio from Goldsmiths after gaining a 2:1 in a Comparative American Studies BA at Warwick University. She also holds a TEFL qualification and taught overseas in Mexico and Japan from 1994 to 1997.
Her role includes editorial oversight of the news, analysis and features, event content management and strategic and editorial consultancy for the AE3 Media group. She is an experienced video, broadcast and live-event host and regularly chairs web and podcast debates and interviews.
Multiple award nominations have resulted in two wins: Santander Media Awards, trade journalist of the year and Headlinemoney Awards, mortgage journalist of the year (B2B). Here is one of the award-winning pieces: https://www.mortgagesolutions.co.uk/news/2011/07/21/exclusive-tale-bailey-fraud-witness/
Previous roles include editorships of Mortgage Solutions, consumer title What Mortgage and trade title Credit Today as well as a stint freelancing for a variety of outlets including The Guardian and Which? Money.
