FAQs

Q: What qualification do I need and how do I get it?

You'll need one of the below equity release qualifications to advise on lifetime mortgages. The Certificate in Equity Release is provided by the Chartered Insurance Institute, or CII View - CII . The Certificate in Regulated Equity Release is provided by the London Institute of Banking & Finance London Institute of Banking & Finance .

Q: How do I source the products?

There are a number of systems where the products can be found. Please see links below: AiR Sourcing View - AiR Sourcing iPipeline View - iPipeline IRESS UK View - IRESS UK

Q: If I'm already registered with Legal & General and have an existing protection agency number, do I still need to register with Legal & General Home Finance?

Yes, you’ll still need to register with Legal & General Home Finance as it’s a separate business to protection although they’re part of the same group.

Q: What are the procuration fee rates and how will I get paid?

Procuration fee rates will vary and will be paid through various distribution routes dependant on the club or network you are part of.

Q: Which other lenders offer lifetime mortgage products?

As with the residential mortgage market, there are many lenders who offer lifetime mortgage products. The lenders in this market in addition to us are: Aviva Canada Life Home Finance Hodge Lifetime Just LV More2life One Family Pure Retirement

Q: What is the Equity Release Council?

The Equity Release Council (ERC) are the industry body for the equity release sector. They represent lenders, qualified advisers and solicitors. Once you become a qualified adviser, it is recommended that you become a member of the ERC in order to demonstrate you're aligned with industry standards. Equity Release Council View - Equity Release Council

We've put together a list of frequently asked questions around getting started with selling lifetime mortgages.

What qualification do I need and how do I get it?

How do I source the products?

If I'm already registered with Legal & General and have an existing protection agency number, do I still need to register with Legal & General Home Finance?

What are the procuration fee rates and how will I get paid?

What other Mortgage Clubs are there?

There are a number of clubs which offer a distribution payment route and a varying level of additional support. These include:

AIR Mortgage Club (formerly known as Equity Release Club)
Legal & General Mortgage Club (LGMC)
The Mortgage Alliance (TMA)
Paradigm Mortgage Services
Premier Mortgage Services (PMS)
Advise Wise Mortgage Club
Premier Equity Release Club
Simply Biz Mortgages

Which other lenders offer lifetime mortgage products?

What is the Equity Release Council?

Multi-Pet Discount Terms and Conditions

This website is designed to give professional financial advisers information and tools that they can use to help control and develop their business and should not be relied upon by private investors or any other persons.