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HNW Lending announces equity release product

HNW Lending, a peer-to-peer asset-based lending firm, has announced the launch of an equity release product.

The firm uses private funds sourced from its founder and backers to make loans against various assets, ranging from classic cars and wine to property and pensions.

HMW Lending explains that its equity release product is aimed at borrowers who want to access funds within two weeks.

Its founder, Ben Shaw, cites strict regulation as one reason for existing equity release lenders taking a long time to release provide funds, and goes on to say that the product he has launched is based on the value of property rather than the income or age of the prospective borrower, leading to a greater chance of an application going through.

Shaw adds: “Asset-based lenders, like HNW Lending, are generally smaller organisations, and this means that we can build strong working relationships with brokers and their clients to provide a highly personalised and flexible solution for complex requirements.

“This makes it a perfect fit for equity release, which can often be an involved transaction, but our approach means that we can usually iron out wrinkles quickly and we typically advance funds within two weeks.”

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