Members of the Zurich Advice Network (ZAN) will soon be able to access Northern Rock’s home equity release products.
The network has added the lender’s products to its panel in a bid to widen its service proposition.
The equity release mortgage is available to borrowers over 60 years of age, and will allow them to release up to 50% of the capital in their property while still retaining ownership.
Andy Ferns, sales director at ZAN, said: ‘Equity release is one of the fastest growing sectors in the UK mortgage market as more people realise they can unlock the capital from their home in order to improve their lifestyle in later years.
l Leading national intermediary Hargreaves Lansdown and broker London & Country are also looking to tap into the equity release market, and are looking to set up specialist teams within the firms to deal with enquiries and to promote their products.