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Later life lending sourcing system launches

  • 27/05/2016
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Later life lending sourcing system launches
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.

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