Hamptons forges equity link with KRS

Hamptons International Mortgages has outsourced its equity release business to Key Retirement Solutions.

The London brokerage’s parent group, estate agency Hamptons International, has some 60,000 people register with it each year. However, of these 20% currently withdraw from the sale or purchase of a property, sometimes because a lifetime mortgage provides a better solution. KRS will now receive all such enquiries.

In return, HIM will receive from KRS up to 150 pre-qualified remortgage leads a month. These will be people who do not qualify for lifetime products, usually as they are under 60.

Kevin Duffy, managing director of Hamptons International Mortgages, says: “Lifetime products are not our speciality so in selecting a partner we sought out the market leader whose brand integrity and ability to deliver reflects our own.”

Colin Taylor, CEO of KRS, says: “Both organisations are not only award winners in their fields but are also empathetic in terms of their commitment to provide borrowers with competitive and compliant product solutions.”