The new service will provide intermediaries and borrowers with access to a team of equity release conveyancers. GW Lifetime is guaranteeing to provide a 20-day turnaround on all equity release cases, while the industry average is 25 days.
Advisers will also be provided with frequent case progression updates provided via e-mail and the company’s GW Live online system.
Goldsmith Williams senior partner Eddie Goldsmith says: “The equity release market is growing rapidly, with £275 million of equity being released by SHIP members during the second quarter this year.
“However, equity release is not just another mortgage product. Advisers have an even greater duty of care towards elderly clients, which means putting them in touch with solicitors who have genuine expertise in this area. Goldsmith Williams has that expertise and can provide a knowledgeable, impartial and fast service for both borrowers and brokers.”
GW Lifetime manager Richard Espley says: “There is no doubt that rising inflation is leaving a greater percentage of retired people struggling to make ends meet. Releasing equity tied-up in their homes is one of the few options available to them but they need impartial, professional advice provided by both brokers and lawyers who understand the many benefits and pitfalls of this market. The dedicated service being launched today by Goldsmith Williams has been designed specifically to address the needs of this market.”