The Equity Release Council has introduced an improved directory to aid consumers in exploring later life lending options.
- Unveiled at the Later Life Lending Summit in Sheffield, the directory facilitates finding advisers or legal firms.
- Members can now display a comprehensive range of services, including equity release advice and wealth management.
- Consumers can specify preferences for support type and identify advisers offering services in multiple languages.
- The directory also includes lenders’ contact details and a list of ERC associates for business entrants.
The Equity Release Council (ERC) has introduced an enhanced member directory, revealed during the Later Life Lending Summit held in Sheffield. This new directory is aimed at aiding consumers in finding suitable advisers or legal firms as they consider their options for later life lending. It provides a platform for ERC members to present a wide array of services, from equity release advice to wills, trusts, pensions, and wealth management.
One significant feature of the revamped directory is improved geographic targeting. This allows consumers to distinguish how they prefer to receive support, choosing between face-to-face, telephone, or digital options. Additionally, the directory highlights advisers who offer services in multiple languages, including Urdu, Spanish, and Arabic. This caters to a broader, more diverse customer base, aiming to improve accessibility and personalisation.
Furthermore, the directory provides contact details for various lenders and lists ERC associates, which could be beneficial for businesses contemplating entry into the market. Jim Boyd, the CEO of the Equity Release Council, emphasised the significance of this development. He commented, “The later life lending market is expanding and evolving to assist the increasing number of clients seeking support with borrowing in their senior years.”
Boyd also noted that finding the right adviser at the opportune moment, who can discuss a range of borrowing options and their potential impact on later life finances, is crucial for customers aiming to access their housing equity. He articulated that this directory serves as a vital tool in connecting individuals with the personalised advice they need.
The updated member directory marks a significant step in enhancing consumer access to personalised later life lending advice.
