Tomorrow enhances equity release offering

Tomorrow has launched an equity release lifetime mortgage online quotes system on the Tomorrow website.

 

The online quote system will enable financial advisers to receive live quotes 24 hours a day.

 

The online quote facility has been designed to help advisers save time and deal with the increasing demand for equity release quotations.

 

Tomorrow is also be reducing its initial advance, responding to the consumer need to release smaller amounts of equity from their property than previously.

 

As a result the minimum initial advance is reduced from £25,000 to £15,000.

 

The further advance amount available is reduced from £10,000 to £3,000.

From July 2007 LV= will be co-branding with Tomorrow on all products to help promote and distribute equity release lifetime mortgages.