Right Mortgage and Protection Network and its subsidiary have launched an accreditation scheme for later life advisers.
Available to individuals active within the network who fulfill the criteria, Later Life Lending Accredited Advisers are designated as those who offer a holistic approach to their later life borrowers.
Additionally, LLLAA are able to review multiple lending areas of the market to provide their clients with a positive outcome.
This means Accredited Advisers will be those that can offer all later life lending options such as: lifetime mortgages, payment term lifetime mortgages, retirement interest-only mortgages, mainstream mortgages for older borrowers and likewise.
Not only are these advisers holistic for their customers, they are also doing so at a high quality standard.
To achieve the accreditation the adviser will need to meet a quality metric, as determined by the network, with over 80 per cent file grading throughout their cases.
The Right Mortgage and Protection Network head of equity, Victoria Clark, said: “We believe individuals who meet the standards required to become a LLLAA are going to have a real edge in terms of securing new clients and being a destination for referrals.
“The LLLAA scheme has been designed to showcase the excellent work of these individuals, to highlight the quality of their advice outcomes, and to show the real depth and breadth of the product offering they have access to, and are recommending.
“As we know, the later life ledning market is now far more than just lifetime mortgages, and with new products arriving regularly for this borrower demographic, it is absolutely vital in our consumer duty world, that advisers are able to cover all available options.
“The LLLAA scheme, and attaining this status, will therefore be something to highlight to both clients and the wider market, and we are very pleased to be partnered with Air not just to launch this but to ensure advisers have access to everything they need.
“We anticipate granting LLLAA status to more and more advisers within the network and are looking forward to engaging with our later life advisers to help them grow their propositions.”
Maintenance of LLLAA will take place annually, it will also be determined by the individual’s involvement in the scheme, in later life focused events, and their commitment to development and education in the product space.
The Right Mortgage has accredited the first club of advisers this week.
Those who achieve accreditation status will be showcased in a members’ directory on the adviser site.
tom.dunstan@ft.com
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