Mortgage News
Age Partnership equity release sales grow to 15% in Q3
At-retirement income provider Age Partnership has seen its sales in equity release rise by 15.4% between Q1 and Q3 of this year.
According to a company statement, the overall equity release market has grown by 4.6% over the same period.
Age Partnership advised on 24.8% of all equity release sales in the third quarter, up marginally on Q2 where they totalled 24.4%.
Traditionally a telephone-based adviser, Age Partnership expanded its offering to provide face-to-face advice early last year and is now looking to double its recruitment of face-to-face advisers by the end of quarter one in 2016.
In September, the firm said it planned to increase sales by 25% by the end of 2015.
Simon Chalk, technical manager, equity release, at Age Partnership (pictured), said: “We have always had a strong phone-based service, but adding in our field-based adviser team has made a huge difference to our business and now gives our customers the choice on how they would like to receive our service.
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“Age Partnership has invested heavily in being able to provide a high quality, cost-effective service to clients and we are determined to continue to take a growing share of the expanding equity release market.’’