Paradigm Mortgage Services has unveiled an equity release referral service with Age Partnership.
Paradigm members can now register as introduces with Age Partnership to introduce clients who require later life advice.
John Coffield, head of Paradigm Mortgage Services, said: “Not all advisers have the necessary authorisation or experience in the later life market to offer advice, however I suspect all advisers will be seeing a growing number of clients who need it.
“This is why we have formed this referral agreement with Age Partnership – proven specialists in this area – to allow Paradigm member firms to allow Paradigm member firms greater choice when they introduce clients to experts in their field.
“Not only does it deliver the necessary advice to clients but it can act as a significant income-generator whilst at the same time adding a considerable string to the adviser’s bow.
“We are sure this will be a popular service for many Paradigm firms and are looking forward to working with the team at Age Partnership to ensure clients have the best advice possible in this area.”
In becoming an Age Partnership introducer, Paradigm advisers who may not offer later life/equity release advice themselves will be able to work with a specialist to deliver this service.