Sesame and PMS launch later life lending hub

Sesame Network and PMS Mortgage Club have announced the launch of a later life lending hub.

The hub is designed to update advisers on lender developments in the RIO market, and provides access to a panel of later life and equity release lenders, according to the network.

It adds that the hub also offers advisers with access to PMS and Sesame’s panel of equity release referral partners.

Sesame Network and PMS Mortgage Club director of mortgages Jane Benjamin comments: “Following last year’s change in FCA guidance, we have seen the RIO market grow rapidly.

“Our new hub will keep advisers informed and is part of a wider programme from PMS and Sesame encompassing online and face-to-face training and education support.

Specialist lending relationship manager Stephanie Charman says: “The majority of property wealth in the UK is held by the older generation.

“Our new hub builds on our existing later life lending support, including our specialist lending panel and equity release referral service.”

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