Key Partnerships has announced a new referral partnership with Paradigm mortgage club.
Key Partnerships is the equity release referral service for the retirement finance business, Key Group.
Paradigm has more than 1544 firms as members of its mortgage club and under this new agreement with Key Partnership, its adviser members will be able to refer clients who may be better suited to equity release to The Equity Release Experts, Key Group’s specialist whole of market advice delivery division.
The Equity Release Experts has a network of over 100 experienced, specialist advisers with in-depth local knowledge – able to provide remote or face to face advice to customers as the current coronavirus situation dictates.
The Equity Release Experts is headed up by Lyn Perrett and Robert Brennan.
Gary Little (pictured), business development director at Key Partnerships, said: “With the later life lending market continuing to grow, we are seeing an increasing number of mortgage brokers who are keen to offer their clients a wider range of options.
“We are therefore delighted to be working with Paradigm who as a leading mortgage club distributor is committed to not only supporting its members but also their clients as they look make smart choices around later life borrowing.”
John Coffield, head of mortgages at Paradigm, added: “With increasing numbers of people either entering retirement with mortgages or looking at how housing equity can support them and their wider families aspirations, we wanted to find a trusted equity release referral partner.
“Key Partnerships has an excellent reputation in this sector and we are delighted to be working with them and The Equity Release Experts to support our wider membership.”
Rob Brennan, advice delivery director at the Equity Release Experts, added: “This new partnership will help Paradigm’s network of advisers to build on their existing client relationship by offering access to specialist advice from a trusted qualified equity release adviser.
“We are looking forward to working with Paradigms more closely and supporting their clients with their later life aspirations.’