Responsible Equity Release has seen 59% growth of equity release in homeowners with properties worth over £700,000 since last year, with one client releasing £3.2m.
As a result, advisers will now be able to refer their wealthier clients to HNW Lifetime Mortgage for a discreet, private service from dedicated and trained advisers specialising in large releases.
HNW Lifetime Mortgage have access to a range of plans designed for customers looking to borrow larger amounts. Customers releasing higher amounts are more likely to do so to gift to family members and to plan for an early inheritance.
On the launch, Managing Director of HNW Lifetime Mortgage, Steve Wilkie said:
“With another staggering year of industry growth at 42%, one particular area of growth has been the larger release sector.
"We have seen some 65% increase on £1m+ releases this year and these clients demand a different service, often involving a range of other advisers including lawyers, accountants and IFAs.
"Our service is designed to help grow this area, providing a specialist solution whereby we only advise the client and their advisers on equity release products and leave their trusted counsel to do the rest.”
