Welcome to Prudell and thank you for your interest in our company. We would love to become your go to broker for Equity Release referrals. Here’s a few reasons why we think you should consider working with us;
Prudell have been trading for over 35 years and putting the client at the centre of everything we do is crucial to our ongoing success. We appreciate how long it has taken you to build your client relationship and how alien it feels in handing them over to someone else to provide the advice.
We are keen to work with you and can involve you in the full advice process in order that you are kept up to date at every step, should you so wish. You are welcome to attend client appointments which are available face-to-face, by telephone or video call. Alternatively, some brokers prefer to just hand over the client and leave everything to us. Whichever is your preference is fine by us. We are happy to share our commission with you and pay an introduction fee of 20% of the income that we earn from arranging the transaction.
Risk and hassle free – we take 100% of the compliance risk, so you can simply refer your client and monitor their progress. We just need their name, address and contact number to get started.
If your clients wish to release equity from their property and are 55 and over we would be delighted to discuss their requirements.
If they are thinking of releasing equity from their home, a Lifetime mortgage may be an option. There are many things to think about and a Lifetime mortgage is not right for everyone. Our Advisers are on hand to guide you and your clients through all the options.
It may be that a traditional mortgage is appropriate and at that stage we will advise the client accordingly and pass them back to yourself to progress matters directly.
Advising on Equity Release requires additional stand-alone adviser qualifications which we have held for a number of years.
As a member of the Equity Release Council and offering a Whole Of Market service, you can rest assured that we conduct our later life lending service to the highest industry standards. Prudell is a long established and highly respected Mortgage Brokerage in North West London. Our clients trust us to help them achieve the right solution. We will take the time to understand your clients circumstances and what they hope to achieve and tailor our advice to them.
Our knowledgeable and friendly advisers have a wealth of experience in helping clients navigate through the journey of releasing equity from their homes.
Why Your Clients May Wish To Consider Equity Release?
Lease Of Life in Retirement
We all want to enjoy a new lease of life in retirement, the key is having sufficient surplus savings to pay for the bigger plans on top of the everyday essentials.
Repay An Existing Mortgage
Your client may have reached retirement age without having repaid their existing residential mortgage in full and may no longer be able to arrange traditional funding from a mainstream bank or building society.
Family Gift
A family gift can be utilised for many reasons, for example a deposit for a new home, help with a wedding, repayment of existing credit commitments.
If your clients are looking for a way to fund their retirement dreams without having to sell their home they could consider releasing equity from their property.
Inheritance Tax Planning
For the more affluent clients, releasing equity can be a very tax efficient way of mitigating Inheritance Tax.
The most commonly used vehicle for Equity Release is a Lifetime Mortgage.
What is a Lifetime Mortgage?
A Lifetime Mortgage is a loan secured upon your home. In contrast to a traditional Mortgage there is no requirement to make regular monthly payments. Instead, the interest is rolled up and added to the balance. You can remain in the property and the loan will be repaid upon death or entering into long term care. As part of the Equity Release Council standards, Lifetime Mortgages come with a No Negative Equity Guarantee, meaning that your beneficiaries will not be left in a position where the debt has exceeded the value of the property.
A Lifetime Mortgage could affect your clients entitlement to any state benefits and reduce the inheritance thatt hey may wish to leave behind.
We will encourage your client to involve their family in the process to ensure that everyone is aware of the risks and the benefits before proceeding.
It’s really easy to refer;
There’s no need to register first - we’ll take care of that when you refer your first client.
Should you wish to make an Equity Release referral please get in touch through the information box below or give us a call on 020 7328 3280