The Right Mortgage & Protection Network and its subsidiary, The Later Life Lending Network, has launched an accreditation scheme for later life advisers.

The accreditation is available to individuals active within the network who meet the criteria.

Accredited advisers will be those that can offer all later life lending options including lifetime mortgages, payment term lifetime mortgages, retirement interest-only mortgages, mainstream mortgages for older borrowers and likewise.

To achieve the accreditation the adviser will need to meet a quality metric, as determined by the network, with over 80% file grading throughout their cases.

Maintenance of Later Life Lending Accredited Advisers (LLLAA) status will take place annually.

It will also be determined by the individual’s involvement in the scheme, in later life focused events, and their commitment to development and education in this product space.

The Right Mortgage has accredited the first club of advisers and will showcase these in a members’ directory on the adviser site.

The Network is also hosting a launch event in partnership with Air Group in a launch dinner for those awarded the status, taking place on the 1 October.

The Right Mortgage & Protection Network head of equity release Victoria Clark says: “We believe individuals who meet the standards required to become a Later Life Lending Accredited Adviser are going to have a real edge in terms of securing new clients and being a destination for referrals from those advisers and firms who currently do not offer advice in this growing sector.”

“The LLLAA scheme has been designed to showcase the excellent work of these individuals, to highlight the quality of their advice outcomes, and to show the real depth and breadth of the product offering they have access to, and are recommending.”