The product has been launched in partnership with Living Plus and Exweb users can now get online quotes for all Neville James’ existing plans as well as the new launch.
The newly-launched home reversion plan comes with free valuation and no arrangement fee.
1st The Exchange strategy and business management director Paul Yates says: “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 access to legal and regulatory resources that are so important in this area.”
Neville James Equity Release managing director Karen Gill says: “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.”