Positive Lending launches later life range

Specialist packager Positive Lending has expanded its offering with a range of products tailored for the over 55s.

All the products in this range are designed to help current, and soon-to-be, retirees to make the most of their finances. Positive Lending has also joined the Equity Release Council and adheres to their code of conduct.

Positive will consider all credit history scenarios and undertake a full investigation into financial circumstances, with requirements and alternatives to equity release always carried out.

Clients can choose from a lump sum or supplement their income, with no monthly payments or optional payments, and can also protect some equity for inheritance alongside a no negative equity guarantee.

Positive will only recommend lenders that are members of the Equity Release Council.

To support this new range of solutions, Positive Lending has appointed Alex Hamilton as its new later life lending manager.

Alex commented: “I’m delighted to be re-joining Positive Lending at such a busy and exciting time. I look forward to bringing my wealth of knowledge and experience of this market to the company and look forward to helping more clients with their borrowing needs.“

Paul McGonigle, chief executive at Positive Lending, added: “I have known Alex for some time now. He previously worked with Positive Lending for six years, and most importantly understands our culture. We have always performed well in sectors where we provide advice to clients, and have robust sales processes and technology to ensure that we continue to create a culture of customer first, sale second. The later life lending market has matured significantly and will continue to do so as clients life expectancy increase but borrowing needs remain. We have entered into this market cautiously and tested our processes, and now feel we are ready to support intermediaries in a market where they may not be able to provide the advice directly. I look forward to working with the team of experts that Alex has assembled to support our clients and intermediaries."