Online conveyancing portal SortRefer has launched an equity release legal service for advisers and their customers.
It’s designed to ensure a trouble-free process protecting the interests of both customer and lender. The product will be added in two stages. The first is the remortgage proposition, which launched today. The second is for sale and purchase transactions, which will be added in the next month.
Kevin Tunnicliffe, chief executive of SortRefer said: “Equity release lending is seeing massive growth. We want to offer the same kind of legal support for equity release cases, as we already do for conventional mortgages.
“Not many legal practices have the working expertise in this area and it is vitally important that advisers have the confidence to recommend the right legal service to complement their mortgage advice.
“We have appointed two firms, Birchall Blackburn and Equilaw, both of whom are Equity Release Council members with the expertise and knowledge of the sector to ensure that the process runs smoothly and customer needs are addressed in a way that everyone involved has confidence in the outcome.
“Accessing the service is as easy as it is for any of our other conveyancing services and introducers can generate instant penny accurate quotes and instruct online. This is the perfect service for an increasingly important market niche.”
Key features include an additional SortRefer service providing advisers with greater control of the process, real time progress updates within our case tracking system and advice from Equity Release Council solicitor members who are specialists in equity release conveyancing law.
There are also home visits, a no completion no fee promise and an instant ‘click and quote’ facility on the SortRefer site. Brokers can either save or instruct the quotation straight away.