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L&G rolls out equity release product to all IFAs

Legal & General is now marketing its equity release mortgage to all IFAs, as the lender sees the product as a growth market for 2003.

The product, that had formerly only been marketed to a limited number of IFAs, has a fixed interest rate of 7.3 per cent for the life of the mortgage.

L&G director of sales and marketing Claire Edington says: “Equity release provides a major opportunity for IFAs in 2003. With this equity release mortgage they can be sure their customers have access to a plan with all the appropriate safeguards.”

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