Exweb joins the Eq club

Equity Release Club has teamed up with 1st and The Exchange to give its members free access to the Exweb online equity release service.

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The mortgage club offers its members training, support and product information, as well as negotiating enhanced procuration fees.

Stuart Wilson, managing partner for the Equity Release Club, said: "Thorough whole-of-market research is the only way to truly get the best product at the best rate to meet a client's needs.

"The Exweb equity release platform will enable our advisers to do this quickly and efficiently, now that direct access has been set up from our member website."

Paul Yates, propositions and business development director of 1st and The Exchange, said: "For mortgage advisers who are currently feeling the impact of much tighter lending criteria now is an excellent time to start looking at equity release business.

"As Exweb provides the only online equity release comparison service for advisers, we are seeing a growing appetite for the service, fuelled by a growing consumer need for equity from their properties in these difficult economic times.

"By providing this additional service for the Equity Release Club, we hope many more firms will be able to benefit from a high level professional service and instant access to the most up-to-date online information."

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