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Ferret Information Systems
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products : by category : equity release
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equity release
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FINTAL / FintalPPC
Lifetime Mortgage and Benefits Calculation and Advice System.
FINTAL / FintalPPC (Pay-Per-Case)
FINTAL
and
FintalPPC
are the solutions to equity release sales
compliance and welfare benefits.
The Financial Services Authority (FSA) have laid down regulations designed to make sure that people considering lifetime
mortgages, and some other forms of equity release, do not suffer because of the effects on means-tested benefits, tax allowances
and local authority grants.
The rules require those selling lifetime mortgages to consider:
- whether someone will be worse off in terms of tax and benefits, if they take out an equity release loan, or are entitled
to benefits that they are not receiving.
- alternative methods of raising funds such as local authority grants...and advise them appropriately.
Tax and benefits for older people can be complex and apply in a significant number of cases. There are various types of lifetime
mortgage. The technical complexities they create can present financial advisers with a bewildering series of factors to be
considered.
The solution
FINTAL and FintalPPC
FintalPPC is the new Pay-Per-Case service which allows advisers to outsource most of the process to specialists
at Ferret. Ideal for those who don't wish to get involved in benefits, and other, assessments or who do occasional equity release
cases. Read the terms and conditions
for more information.
FintalPPC details (at www.fintal.com).
FINTAL is the proven system for the adviser with frequent cases or who wants the
power of the system in their own hands. Flexibility, 'what-if' assessments on change of circumstances and a wide range of
additional non means-tested benefits make this an unmatched advice tool.
FINTAL details (at www.fintal.com).
Visit www.fintal.com for more information.
equity release products
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