Supporting lending for over 55s

Do you have clients who own their own home or are looking to purchase a property? Or perhaps they are looking to improve their current lifestyle or help support their family? If you do, our Later Life Lending Service could help your clients.

The Royal London Later Life Lending Service

The Royal London Later Life Lending Service is provided by later life lending specialists, Responsible Life. They provide holistic advice on several later life lending options including equity release with a Lifetime Mortgage, or borrowing with Retirement Interest-Only Mortgages (RIOs) and traditional mortgages.

They’ll work with you and your clients, guiding them through the entire decision making process. They encourage you to be part of the process and have a dedicated online portal where you can track cases as well as access valuable marketing support.

What are the benefits?

The benefits to you and your advice:

  • Holistic advice on later life lending can help you expand to a more complete retirement planning service.
  • Your clients will be referred to Responsible Life, a later life lending specialist, with no advice liability or compliance overhead to you.
  • It opens a new revenue stream with competitive commission rates available to you. Earn 55% of the procuration fee when a referred case completes.
  • You retain control of your client and can be involved in meetings as well as track each case via the online portal.
  • We value the relationship that you have with your clients, so we will not be cross selling other products and services to them.

Why do customers use later life lending?

Later life lending can be used for most legal reasons including purchasing a main home, a second home, or a buy-to-let property. It can also be used to re-finance a property, whether that will be to pay off current debts, reduce monthly payments or support pension income.

Lifestyle requirements are often also supported by later life lending, such as home improvements, holidays, large purchases, care costs, family needs or inheritance tax planning.

What types of later life lending products are there?

Later life lending can be split into 3 main products:

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Equity Release - Lifetime Mortgage

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Retirement Interest-Only Mortgage (RIO)

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Traditional mortgages

How can I find out more?

If you’d like to learn more, you can register through our online portal.

Register now

Alternatively, you can contact Responsible Life by email or call 01752 927 920. They’ll be able to give you all the help and support you need offering impartial advice to your clients.

The Royal London Later Life Lending Service is provided by Responsible Life Limited. The Royal London Mutual Insurance Society Limited has a 30% shareholding in Responsible Life and Responsible Lending (Responsible Group) and are part of the same group under FCA disclosure rules.

Responsible Life Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (https://register.fca.org.uk/) under reference 610205. All advice is regulated by the Financial Conduct Authority and covered by the Financial Services Compensation Scheme. Registered in England and Wales number 7162252. Registered office: Mills Bakery, Royal William Yard, Plymouth, PL1 3GE.

Only if your customer chooses to proceed and their case completes will Responsible Life Limited charge a fee, currently not exceeding £1,690. An adviser will talk through the costs of setting up a mortgage before they make any decision to proceed.

Royal London Marketing Limited is authorised and regulated by the Financial Conduct Authority and introduces Royal London's customers to other insurance companies. The firm is on the Financial Services Register, registration number 302391. Registered in England and Wales company number 4414137. Registered office: 55 Gracechurch Street, London, EC3V 0RL. The Royal London Group registered VAT number is 368 5244 27.

This website is intended for financial advisers only and shouldn't be relied upon by any other person. If you are not an adviser please visit royallondon.com.

The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.