BDS Mortgage Group has added New Life, the lifetime mortgage specialist, to its packaged lender panel.
This equity release lender is a member of Safe Home Income Plans and has been writing mortgages since 2004.
Products on offer include main residence and second home lifetime mortgages alongside investment and holiday home loans.
Bob Hope, network manager at BDS, says: Whilst the demand is still relatively small for equity release business, it is starting to pick up and we have appointed representatives who specialise in this area alone.
As with all of our panel providers, I want to ensure that we have the best of breed providers available hence the addition of New Life.
It offers a range of products that will enable brokers to help their clients to take advantage of their later life and I am confident that appetites will be more than whetted in 2007.
Peter Turley, sales and marketing director at New Life, adds: We are pleased to welcome BDS to our panel of registered introducers.
Having firmly established ourselves as one of the top providers in the lifetime mortgage arena with our market-leading LTVs, a helpline where introducers can speak to real people and a service where we guarantee to issue an offer within 48 hours of receipt of a fully packaged case – although in practice this has proven to be within 24 hours.
“We are keen to extend the principle of interest-roll up for the over 60s into other areas.
The buy-to-let market is a natural progression and we very much look forward to receiving both lifetime mortgage and landlord/holiday home loan applications from appointed representatives.