The Right Mortgage Network holds later life workshop

Ryan Bembridge

February 15, 2017

The Right Mortgage Network held a workshop training advisers on products that lend into retirement with The Right Will and Estate Planning last week.

The workshop took place in in Knowle, Solihull and 40 advisers attended. The network will give accreditations to all those who attended.

The network, whose panel of lenders includes Hodge, The Family Building Society, Chorley and Ipswich, said it is committed to bridging the gap between traditional mortgages and equity release.

Bridging finance requires a specialist approach

Martin Wilson, chief executive of the network, said: “We believe this market to be a slightly higher risk, with more vulnerable clients who have unusual lending requirements.

“We decided to invest in this market by providing specialist training and accreditation for our advisers to meet the needs and demands of these consumers.”

According to Office for National Statistics data the number of people aged over 75 will rise by 89.3% by 2039.

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