Goldsmith Williams starts equity release service

The new service provides brokers and borrowers with access to a team of equity release conveyancing specialists, who guarantee to provide a 20-day turnaround on all equity release cases. Brokers will also be provided with frequent case progression updates provided via e-mail and the company’s highly acclaimed GW Live online system.

Eddie Goldsmith, Senior Partner at Goldsmith Williams, said: “The equity release market is growing rapidly, with £275 million of equity being released by SHIP members during the second quarter this year - a 14% increase on quarter one.

“However, equity release is not just another mortgage product. Brokers have an even greater duty of care towards elderly clients, which means putting them in touch with solicitors who have genuine expertise in this area. Goldsmith Williams has that expertise and can provide a knowledgeable, impartial and fast service for both borrowers and brokers.”

Richard Espley, Manager of GW Lifetime, added: “There is no doubt that rising inflation is leaving a greater percentage of retired people struggling to make ends meet. Releasing equity tied-up in their homes is one of the few options available to them but they need impartial, professional advice provided by both brokers and lawyers who understand the many benefits and pitfalls of this market. The dedicated service being launched today by Goldsmith Williams has been designed specifically to address the needs of this market.”