Guernsey firm to provide funds for equity release deal
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The home reversion market is to get a boost with the launch of a product with a £150m funding line.
Details of the product are still being finalised, but Terry Pritchard’s new IFA business Alt FS will be its sole distributor.
An unnamed Guernsey-based investment firm is providing fund-ing for the product, which will be available to the under-50s.
Pritchard, managing director at Alt FS, says: “The equity release market is a growing sector but there’s not been enough products over the last 12 months.
“We hope to change that by coming up with our own product in 2011.”
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