Neville James Equity Release & Living Plus launch new equity release product on Exweb
1ST – THE EXCHANGE today expanded its Exweb online equity release service, with the addition of a new home reversion plan, Neville James Opportunity Plan, launched by specialist provider Neville James Equity Release, in partnership with Living Plus.
Exweb users will now have instant online quotes both for Neville James’ existing home reversion products and the new plan, which is provided by Living Plus Limited - a Milton Homes company.
Key benefits of the new Neville James Opportunity Plan, eligible for clients age 65+, include:
- No arrangement fee
- No valuation fee (Typically £95 contribution refundable on completion)
- Provided by a SHIP member
The Exweb equity release platform remains the only comparative quotes service in the adviser market place. It now offers the widest possible product coverage available, with quotations for over 40 products from 16 providers.
Paul Yates, strategy and business management director 1st – The Exchange said:
“For mortgage advisers who are currently feeling the impact of increasing interest rates and much tighter lending criteria, now is an excellent time to start looking at equity release business.
“Not only does our service provide online quotes and information on the complete intermediary market place, but equally we offer support on the legal and regulatory matters that are so important in this area. We are delighted that Neville James Equity Release has expanded its product range on Exweb, and feel confident it will be welcomed by advisers and clients alike.”
Karen Gill, managing director of Neville James Equity Release, added:
“Since we selected Exweb as our portal partner last year we have witnessed a significant growing appetite for home reversion plans, as consumers choose to release equity from their properties in these difficult economic times.”
“Anyone considering this option must always do so via a qualified intermediary so we appreciate the unique relationship 1st – The Exchange has with its advisers, by giving them maximum access to view the market quickly and easily.”
Neville James Group has three main trading divisions, TEP Market Making, TEP Investment Management and Equity Release. The Group was formed in 1992.
ENDS
Journalists, for further details, please contact:
• Paul Yates, Propositions & Business Development Director, Vertex Financial Services 01242 214032
• Sarah Wakefield, Mitchell Moneypenny 0870 241 5982 sarah@mitchellmoneypenny.com
Notes to Editors
About 1st - The Exchange
1st - The Exchange are market leading providers of technology solutions to the financial services market and are part of the financial services division of Vertex, a provider of solutions to the mortgage, life, pension, investment and distribution market sectors.
Together they provide an integrated suite of technology solutions, software and consultancy to the financial services industry, which help support the key stages of an intermediary’s business process, whatever its size. In doing so they enable their users to service their clients more efficiently and profitability, whilst meeting regulatory demands, reducing costs and maximising profits.
The Exchange is the largest provider of online comparative quotations and electronic new business applications in the UK financial services portal market. Their two main products are Exweb, for advisers and brokers, and Officeweb. Exweb is the UK’s leading intermediary trading platform in the financial services market, used by over 25,500 registered users within authorised advisory firms. It provides online information and transaction services, with 110 million client illustrations processed over the service in 2007.
1st develops, markets and supports software delivering financial planning, client management and full back office administration to financial intermediaries. 1st’s ‘Adviser Office’ software, is the market-leading client management solution used by more than 1,400 Adviser firms offering wealth management and financial advice, both Multi-tied and Independent. Based on Microsoft SQL Server and .net Technology, Adviser Office and Adviser Evolution link with over 60 partners, including product providers, portals and fund supermarkets to aggregate client data and avoid any data re-keying.
The Financial Services Division of Vertex employs approximately 1,600 people and has offices in Cheltenham, Chester, Bristol, Dudley, Warwick, Woking, Toronto and Vancouver.
About Milton Homes
Milton Homes Limited is the parent company of Living Plus Limited and Retirement Plus Limited.