"Equity release and later life borrowing are becoming key parts of the wider mortgage mix."
National brokerage Just Mortgages has joined the Equity Release Council.
The move extends Just Mortgages’ commitment to later life lending, having become authorised to advise on equity release four years ago. Previously, Just Mortgages worked closely with providers to operate a referral service to cater to clients needing access to the market.
As part of its academy programme, Just Mortgages offers a training course for self-employed brokers that want to advise on equity release and later life borrowing. So far, Just Mortgages has trained 24 self-employed advisers who are qualified and licensed to offer advice on equity release options.
In addition, Just Mortgages has the facility to authorise existing equity release advisers who already have the necessary qualifications.
According to the Council's data, the equity release market saw a 23% increase year-on-year in both new and returning customers in 2022, the highest rate of growth since 2018.
Ashley Edwards, financial services director at Just Mortgages, said: “With the equity release market continuing to show significant growth, our membership of the Equity Release Council demonstrates to homeowners that Just Mortgages is a trusted source of impartial advice on later life products and services.
“In an environment where homeowners are looking to enhance their retirement income or support the next generation, equity release and later life borrowing are becoming key parts of the wider mortgage mix. However, equity release may not always be the right option, making solid financial advice from a qualified broker an essential part of any decision making process.
“It’s fantastic to see our holistic approach to later life lending recognised by the council.”
