The Equity Release Council (ERC) has announced a number of improvements to its directory of members, which are designed to give borrowers an easier time when finding the advisor they need.
These upgrades were revealed during the recent Later Life Lending Summit. The ERC puts this event together each year in partnership with the Association of Mortgage Intermediaries (AMI). It has now enhanced its directory to make it easier for members to provide information about all of the different advice services they provide. These can range from equity release guidance to help with pensions and wills.
Over 21,000 people across the UK use the directory each year in search of professional advisors. The ERC is hoping that the changes it has made will render that process easier for them, by highlighting exactly what each member is qualified to advise them on.
The revamp also means that users can now find advisors who are based close to where they live. They will be able to state their favoured way to communicate too – whether it is over the internet, on the telephone or via a face-to-face meeting.
ERC chief executive Jim Boyd told Mortgage Introducer that the market for equity release was one that was getting bigger all the time. He then added:
“We are therefore delighted to launch our revamped members’ directory which allows our members to better showcase their offering to potential customers.”
More mortgage advisors are now following up their CeMAP courses with CeRER courses, so that they can become familiar with the equity release market.
