In the ever-evolving landscape of financial services and with an industry-wide focus on Consumer Duty, the importance of holistic support for clients throughout a lifetime cannot be overstated. When considering the financial needs of clients as they navigate the complexities of later life, clients may also be facing the pressures of redundancy, illness, divorce, and rising living costs, and retirement plans can often face significant disruption.

One possible solution could be later life lending, and within this sphere, equity release may offer an avenue for homeowners to access additional funds. Here, we explore the opportunity for equity release amongst homeowners and how Royal London Equity Release can support financial professionals in recognising need and delivering comprehensive solutions to their clients.

The opportunity for equity release

Equity release is just one of the viable financial strategies that may be available to homeowners over the age of 55, particularly in the UK where those over 65 collectively hold a staggering £2.6 trillion in housing wealth. Despite the current high interest rates, the demand for equity release remains.

The recent Autumn budget has introduced changes to inheritance tax and pension wealth savings, which could increase the tax burden on retirees. These developments highlight the growing need for financial products that may alleviate some of the pressures faced by aging homeowners.

Equity release allows homeowners to unlock the value tied up in their property, providing them with a lump sum or regular income without the need to sell their home. This financial flexibility can significantly enhance their quality of life in retirement, offering a solution to unplanned financial challenges. By integrating equity release into a holistic financial plan, advisers can help clients maintain financial resilience and achieve their retirement goals.

How can we help?

At Royal London Equity Release, we are dedicated to equipping financial professionals with the knowledge and tools necessary to identify when later life lending may be an appropriate solution for their clients. Our comprehensive support includes the option to book both virtual and in-person sessions, led by our experienced Business Development Team. These sessions are designed to enhance understanding of how to build financial resilience, explore the opportunities presented by later life lending, and demonstrate how our products can help clients meet their retirement objectives.

Our commitment to excellence is reflected in our outstanding adviser and customer service, exclusive product discounts, and flexible in-house underwriting. These features ensure that financial professionals have all the support they need when guiding their clients through the equity release process. By partnering with us, advisers can offer a high level of service and access bespoke financial solutions tailored to the unique needs of each client.

Engaging with Royal London Equity Release

Whether you are a Later Life Lending Adviser, a Mortgage Adviser, or a Wealth Manager, our team at Royal London Equity Release is here to support you. We provide comprehensive assistance with any queries related to later life lending, ensuring you have the information and resources necessary to advise your clients effectively.

For any questions or to learn more about our services, please reach out to our Business Development Team at 01752 858 222 or via email at bdteam@royallondonequityrelease.com. Additionally, if you are interested in registering with us to gain full access to our product ranges, please click the link below.

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Offering your clients greater opportunities

At Royal London Equity Release, we believe in empowering financial professionals to help their clients discover flexible and secure financial futures. By understanding and knowing when to introduce later life lending solutions, you can provide an added layer of support to your clients, ensuring they enjoy a comfortable and financially stable retirement.

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