The society’s equity release offering previously focused solely on advising customers on lifetime mortgages offered by safe home income plans approved providers. The expansion of the advisory service also recommends appropriate home reversion schemes.
Bob Mottershead, retail sales executive at Newcastle Building Society, said: We are delighted to launch the Newcastle Building Society equity release service. The society is committed to providing high quality financial services advice to our customers and being able to offer advice across all sections of the equity release market is an extremely important part of this.
Expanding to include newly regulated home reversion schemes enables us to meet the needs of today’s maturing society and offer advice on all forms of equity release. This meets the needs of a wider range of customers and ensures they are being guided towards a product which is right for their individual circumstances.
