Royal London Equity Release has rolled out its Principal product to all advisers through the Advise Wise Platform.
Members of Advise Wise will be able to request key facts illustrations (KFIs) for all products in the Royal London Equity Release product range.
The Principal product features 10-year early repayment charges and flexible, in-house underwriting.
Partial repayments can be made with the option to pay up to 10% of the total cash advance within each 12-month period.
The product is available to homeowners from age 55 up to the day before their 90th birthday.
The minimum property value to be eligible for these products is £125,000, with a maximum value of £2m.
Royal London Equity Release intermediary sales director Chris Flowers says: “Partnering with Advise Wise to roll out the Principal product takes our brand and products to the wider broker community and their customers.
Advise Wise national account manager Daniel Edmondson adds: “Our latest API integration with Royal London on the Advise Wise Platform provides significant efficiencies in generating quotes, ensuring accurate, live and granular pricing.”
