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Freehold founder launches equity release firm

Paul Brett, founder of the Freehold packager association has launched equity release firm, Wakeswood Financial.

Wakeswood will act as a referral service for packagers, offering them commission in exchange for them marketing its business to their broker clients.

Brett believes Wakeswood is able to offer packagers a valuable new string to their bow and satisfy their brokers’ needs for something new to offer as well as providing all the advice and therefore taking on any regulatory risk.

Brett says packagers are the perfect distributors for niche products and should be tapping into the equity release market.

He says: “I am a passionate believer in the packager market, having been a packager and involved in setting up Freehold. Packagers are the perfect distributors of niche products and promoting equity release will give them another avenue to add value to their proposition to their introducing brokers. Equity release is a growing market.

“However it has tended to be ignored by packagers in the past, due to their commitment to sub-prime mortgages which provided better returns. But I am finding that in these difficult times, packagers are very interested in the package Wakeswood offers, which helps packagers offer a new facility and provides introducers with a real service for clients, without any compliance issues.”


Time for sex, truth and measuring tape

I’m no prude. In fact, I rather approve of the use of the female form to sell property. Glossy sales brochures advertising new developments with swimming pools always display young women in swimsuits rather than podgy 50 year old men such as myself.

Evaluate boosts lender numbers

Evaluate has added Bank of Ireland, Woolwich and Chelsea to its lender offering.

The move is part of its efforts to deliver a whole of market mortgage sourcing system to brokers later this year.

Who cares?

By Tracey Dickson, marketing consultant There are almost 7 million carers in the UK – that’s around 10 per cent of the population who provide unpaid care for a disabled, seriously ill or older loved one.1 But according to a report from the charity Carers UK, 20 per cent of people providing 50 hours or more of care […]


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