Retirement and later life services provider Answers in Retirement (Air) Group has launched an updated version of its Air Sourcing platform for later life advisers.
The free platform now includes comprehensive reference tools and filters to help users identify the latest product and criteria changes made as a result of the ongoing coronavirus crisis.
This allows advisers to source based on new lending criteria, loan and value maximums, pricing, and loan-to-value ratios (LTVs).
It also provides detailed information on lenders’ new and existing valuation practices and service standards, and instructions on what to do with existing pipeline cases.
Air Sourcing’s continuously updated information will be backed up by comprehensive reference data, allowing advisers to source the whole of the later life marker.
Air Group also recently launched a hub for all advisory firms, providing information, resources and materials to help stay up-to-date and operate successfully through the lockdown period.
Stuart Wilson, chief executive officer of Air Group, said: “In a very short space of time we have witnessed a considerable amount of change right across the later life product and criteria space.
“Keeping on top of these changes is a challenge at the best of times, but during this coronavirus lockdown period, when the market is a real moveable feast, it can prove doubly difficult.
“This is why we’ve launched our updated version of Air Sourcing today that ensures advisers can have total confidence when researching appropriate products, as they’ll know they’re accessing the most up-to-date information from all providers.
“We’ve added in a number of new tools and filters to cover off changing practices and criteria, particularly around valuations and those cases which are currently in the pipeline.
“The team here are speaking to lenders on a daily basis to integrate the very latest information into the system.
“This is all about ensuring Air Sourcing is first choice for advisers when they want relevant and detailed product and criteria information, as well as a range of supplementary detail, resource and support to help all them through this period.
“We are focused on providing this and we are here to help all later life advisers whatever their requirements.”