Mortgage and protection network HLPartnership has announced new dates and venues in September for later life lending seminars.
Following its successful spring seminars, the events run from 10am to 3pm are open to the network’s own members but to all advisers who have an interest in later life lending in all its forms.
Hosted by HLP’s managing director, Shaun Almond, with the help of Legal & General Home Finance, Aviva and One Family, the seminars will explore topics that allow advisers to put later life lending at the forefront for customers nearing – or already in – retirement looking to raise money.
Almond comments: “With £1 trillion worth of property owned by over 55s, it is estimated that the later life lending market will double in the next ten years and we believe, with our membership of the Equity Release Council, that there is a considerable opportunity for our members to involve themselves in the sector.”
“HLP has invested heavily in supporting advisers and helping them to best become involved either to become fully qualified across all aspects of this increasingly important channel or to have access to our inhouse experts to whom they can refer customers.”
He says just under £4 billion of equity was released by homeowners over the age of 55 in 2018, with over a quarter of that figure being drawn down in the last quarter of the year.
And, at a time when traditional mortgage sources are at risk from moves by the regulator to re-introduce execution-only, Almond believes the sector has a high demand and a growing need for advice.
He concludes: “With the support we can offer in the network, advisers will come away with a clear pathway to open up and develop a new and profitable business channel.”
The events will take place at the following venues:
- Village Hotel Club Leeds South, Capitol Boulevard, Tingley, Morely, Leeds LS27 0TS – September 10.
- Sketchley Grange Hotel & Spa, Sketchley Lane, Burbage, Hinckley, Leicestershire LE10 3HU –September 11.
- Brand Exchange Members Club, 3 Birchin Lane, London EC3V 9BW – September 12.