"We’re thrilled to be working exclusively with Responsible Lending to launch two new Royal London Equity Release products to Air Sourcing members"
- Mike Taylor, managing director at Air Sourcing
Responsible Lending is rolling out two exclusive new lifetime mortgage products to all third-party advisers through the Air Sourcing platform, as exclusive providers of the Royal London Equity Release product range.
The new Royal London Equity Release Principal and Efficiency Plus products feature 10-year early repayment charges and partial repayments can be made with the option to pay up to 10% of the total cash advance within each 12-month period.
Homeowners with a property that has an EPC of A-D can also benefit from a reduced interest rate when eligible for the Efficiency Plus product.
The products are available to homeowners from aged 55 up to the day before their 90th birthday and the minimum property value to be eligible for these products is £125,000, with a maximum value of £2 million.
The Principal and Efficiency Plus plans are the first two equity release products to be launched by Responsible Lending since Royal London acquired the Responsible Group.
Members of Air Sourcing can request instant Key Facts Illustrations (KFIs) for all products in the Royal London Equity Release product range with a single click.
Chris Flowers, intermediary sales director at Responsible Lending, commented: “We are delighted to have partnered exclusively with Air Sourcing to roll out the Principal and Efficiency Plus products to the wider broker community and their customers.
“Expanding the Royal London range will ensure advisers have access to a diverse array of products, enabling them to tailor solutions more precisely to meet the unique needs of their clients.
“Equity release remains an important later-life finance option, and we are confident these products will meet the needs of homeowners across the UK, providing greater flexibility when unlocking their property wealth.”
Mike Taylor, managing director at Air Sourcing, added: “We’re thrilled to be working exclusively with Responsible Lending to launch two new Royal London Equity Release products to Air Sourcing members, and to bring a wider offering to customers.
“It is more important than ever that advisers have access to the right products suitable for individual needs and lifestyles, to achieve even greater success in delivering exceptional outcomes for their clients. At Air, we work closely with our Ambassador partners to ensure our members are equipped to have comprehensive conversations, with product choice at the heart of their client discussions."
