LATER LIFE PLANNING
THIS VALUABLE PROPOSITION WOULD HAVE GONE AHEAD WITHOUT THE PANDEMIC BUT , THE TIMING FEELS VERY APPROPRIATE GIVEN THE FACT LATER LIFE LENDING CAN OFFER SO MANY OPTIONS FOR SOLUTIONS FOR THE CHANGING REQUIREMENTS OF OLDER CUSTOMERS .
• Thanks to continued rises in property values , children and grandchildren have a much steeper hill to climb when it comes to property ownership . Equity release is allowing grandparents to help boost the buying power of the younger generation .
So , what ’ s available to assist your engagement with the sector and support your customers ? For those of you who already offer equity release advice , the launch of Simply Later Life offered unrestricted access to the market ’ s most sophisticated later life lending sourcing platform – Air Sourcing – which includes unique integration with Knowledge Bank and live rate updates from all lenders covering not just LTMs but RIOs and other later life mortgage products . You can also benefit from discounted access to the Air Academy . This offers one of the market ’ s leading sources of accredited training support , which is fully accredited by the London Institute of Banking & Finance . If you ’ re not qualified advise in this area yourself , or simply wish to refer , there are a range of options . We can also assist with training in order to help you approach conversations on later life solutions , position the options available and understand their suitability for clients – or otherwise – on an individual basis .
2022 has already seen some exciting developments to the Simply Later Life proposition , with plenty more to come , this includes :
• Video content to help how you position solutions with clients
• Mortgage process guide
• Financial promotions guide
• Professional connections guides
• Client facing guides and video content on business growth
• Case studies
• Monthly newsletter
• Updated website information on care and estate planning
For further information on Simply Later Life , or any of the issues above , please make sure you visit the Later Life Hub , or give the SimplyBiz Mortgages team a call on 01484 439160 .
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