Age Partnership triples non-equity release business thanks to Knowledge Bank

23 November 2018

Age Partnership has seen a three-fold increase in their residential and buy to let mortgage business since signing up to leading criteria searching system Knowledge Bank.

Leading retirement finance specialist Age Partnership is most well-known for providing an equity release service, however they also offer a standard mortgage solution specifically for the over 50s audience who either don't qualify equity release or their circumstances better suit a traditional residential or buy to let mortgage.

The Age Partnership mortgage desk is headed up by department manager Anthony Barratt.

Most of the customers passed onto to Anthony’s team often have multiple criteria to take into account making their cases quite difficult and time-consuming to place. But since using Knowledge Bank, this area of the business has increased hugely.

Age Partnership mortgage desk manager, Anthony Barratt said:

“Since using Knowledge Bank, we’re able to deal with our clients’ cases in a much more time efficient way. This frees up time for our advisers to provide the client lead service that we pride ourselves in, as well as giving them time to speak to an ever increasing number of clients.

“As a result, we have seen the amount of business we are writing more than treble, which is an amazing result.”

Nicola Firth, CEO of Knowledge Bank said:

“This is exactly why Knowledge Bank exists; to make life easier for brokers and intermediaries to place cases.

“We now have more than 70,000 individual criteria being kept up to date by more than 150 leading lenders across residential, buy to let, equity release, self-build, second charges and overseas mortgages.”

The Knowledge Bank system is very easy to use, making it simple to search through the 450+ categories to add only those needed for that individual case. The results appear in seconds in a clear and easy to understand table with the lenders who are most likely to consider your case at the top.

Knowledge Bank records every search and the results are electronically verified by the lenders. This provides robust evidence of research supporting a broker’s recommendation; particularly important where the broker has not been able to recommend the cheapest product.

Nicola concludes: “Before using Knowledge Bank, Anthony’s team were often struggling to find the right deals for their customers, and in some cases, not being able to find any lenders to consider the case. Now they are able to write three times the business they were, which proves what a huge difference Knowledge Bank can make.”