The portal enables IFAs to research, quote and buy products for customers who would like to release the equity in their homes. It will provide fast and accurate comparisons of products in the market, and establish which ones meet customers' criteria.
The system also has the capability to limit searches to Safe Home Income Plans (SHIP) member products, which will provide greater protection and peace of mind for equity release customers.
With around 20,000 subscribers, Exweb is the single most established link between product providers and financial intermediaries in the UK, providing intermediaries with a range of services to support key aspects of their sales process.
Tim Sturley, head of business development at Mortgages Express, says: ''Our aim is for Mortgage Express to be the leading provider of Lifetime mortgages, in terms of product, information and service levels. By joining this portal, we are affirming our commitment to making information available to intermediaries, so they can quickly and confidently offer equity release advice to their customers ''.
Mortgage Express launched its Lifetime Mortgage in October 2003 with a market-leading loan-to-value of up to 55%. Mortgage Express is a member of SHIP and has recently cut the Lifetime rate to 6.74% fixed for the mortgage term.
