Neil Hoare, sales and marketing director at Pink Home Loans, says: “2008 results announced by Safe Home Income Plans shows that the equity release sector is holding up far better than the mainstream market. It also revealed that two thirds of equity release sales in 2008 were via intermediaries with just 37% product sold by direct sales”.
Hoare continues: “I’m confident that Prudential will be a popular addition to our comprehensive panel of providers and one which will provide more choice for our ARs writing equity release business.”
Paul Carter, sales director at Prudential, says: “We are delighted to be working with Pink and are pleased to be able to offer their network members our new and improved lifetime mortgage which now offers a lump sum option as well as a draw-down facility. The products are available to homeowners aged between 55 and 84 with a minimum property value of £100,000”.