Brightstar Financial has partnered with Sentry Lifetime to offer a later life lending service for brokers.
Sentry Lifetime offers whole of market, independent lifetime mortgage advice through an experienced team of FCA regulated professionals who are members of the Equity Release Council.
The partnership means that brokers can now offer a range of equity release solutions, even if they do not hold the relevant qualifications.
Brokers can contact Brightstar with a client referral and earn a share of the procuration fee upon completion. Brightstar maintains a no cross-selling guarantee on all referrals.
Rob Jupp, chief executive officer at Brightstar Financial, said: “Demographics dictate that later life lending is one of the biggest areas of opportunity for brokers, but it is a specialist area and equity release has its own qualifications and separate permissions.
“By launching our Later Life Lending service, we are enabling brokers to diversify their offering whilst maintaining focus on their core areas of business.”
Thomas Webster, managing partner at Sentry Advice Limited, added: “Lifetime mortgages are the most popular form of equity release as they enable the borrower to retain ownership of the property. It’s an area of growing demand and our partnership with Brightstar means that brokers can access the opportunity even if they don’t have experience or expertise in this area.
“We will do the hard work and own the advice, but brokers can maintain ownership of the client and take a share of the proc fee.”