The Right Mortgage & Protection Network has launched an accreditation scheme for later life advisers, called Later Life Lending Accredited Advisers (LLLAA).
This scheme was developed for advisers within the network who demonstrate a complete approach to later life lending, offering solutions like lifetime mortgages and retirement interest-only (RIO) mortgages.
To be accredited, advisers must achieve over 80% file grading on their cases, and maintenance of LLLAA status will be assessed annually based on their involvement and commitment to the sector.
The network recently accredited its first group of advisers and will feature them in a member directory.
A celebratory dinner for those awarded the status will take place on 1st October.
Victoria Clark, head of equity release at The Right Mortgage, said: “We believe individuals who meet the standards required to become a Later Life Lending Accredited Adviser are going to have a real edge in terms of securing new clients and being a destination for referrals from those advisers and firms who currently do not offer advice in this growing sector.
“The LLLAA scheme has been designed to showcase the excellent work of these individuals, to highlight the quality of their advice outcomes, and to show the real depth and breadth of the product offering they have access to, and are recommending.
“We anticipate granting LLLAA status to more and more advisers within the network and are looking forward to engaging with our later life advisers to help them grow their propositions.”
Paul Glynn, CEO of Air, said: “Undoubtedly, more and more borrowers are either taking mortgage debt into later life, or have a specific need for loans at a later age, and it’s highly important advisers make the most of this opportunity so they can service this client base with confidence and with excellence.
“Air is proud to be working with The Right Mortgage on this adviser accreditation initiative as we believe it will highlight the very best advisers active in this space.
“We’re also committed to offering all advisers access to a range of tools, services, training and resources which will allow them to meet the same high standards, and would urge established players and those considering their involvement to contact us to see what we have to offer.”
