16 August 2007

Retirement Plus launches in Scotland

Retirement Plus has announced that its Property Plan product is now available in Scotland.

Managing Director, Duncan Young said: "After our success in England and Wales we are delighted to be able to launch the Property Plan in Scotland.

"We have already met with a number of leading Scottish brokers and are confident that the products will be well received."

Retirement Plus transformed the equity release market with the launch of its Property Plan home reversion product, which enables customers to raise a large amount of cash from their home at full market value. The customer can also choose to protect a share of their property for themselves or for their estate by taking a smaller sum.

But where the Property Plan really differs from a standard home reversion product is the fact that the share of the property the customer gives up will be spread over many years, which means that they own a larger percentage of their home for longer - which provides them with plenty of room for life's changing events. And, because the property is owned jointly with the customer, they can cancel at any time by simply buying back the Retirement Plus share or by selling the property.

In September last year Retirement Plus also introduced an impaired life option to the Property Plan product.

The Property Plan is available to home-owning men and women over 65. It is only distributed through FSA authorised intermediaries, because Retirement Plus insists that customers receive independent financial advice.

Retirement Plus has also recently launched a new product, the "Advice Support" Property Plan, which highlights the importance of independent, impartial financial advice in equity release.

The way this product has been designed means that Retirement Plus will contribute £1,000 towards legal and financial advice fees, payable to the client upon completion of each case received from Scottish brokers until 30 September 2007.

ends

All media enquiries:
Retirement Plus
Duncan Young, Managing Director
020 7907 8591 / 07775 783 431

Mainland PR
Zoe Butt / Neil Mainland
020 3008 7400

Editor's notes


About Retirement Plus
Retirement Plus launched in 2005 and specialises in providing equity release products. The company is backed financially by property investors including FTSE 100 property company British Land, and the UK's leading privately owned property-related asset manager, Delancey. Managing Director is Duncan Young, Head of Sales Fred Paton and Commercial Director Chris Rumsey.

Retirement Plus is authorised and regulated by the FSA and is a member of SHIP, the body which is dedicated entirely to the protection of planholders and to the promotion of safe home income and equity release plans.

The Property Plan is the biggest ever development of the home reversion concept. Retirement Plus does not take direct applications from consumers. The Property Plan is only distributed through intermediaries, because of Retirement Plus' insistence that the product is accessed with advice.

Website: www.retirement-plus.co.uk