Teachers enters equity release sector

Teachers has entered the equity release market via a partnership with Key Retirement Solutions.

The building society, which provides mortgages to people who work in the education sector, says the partnership works through client introduction.

The arrangement will see all Teacher’s equity release business introduced to the specialist intermediary.

Teachers says the agreement ensures members benefit from independent equity release advice from one of the UK’s leading specialists in the sector.

James Bawa, chief executive at Teachers, says: “We strive to offer our members a competitive range of products alongside a first class personal service.

“We realised that there was a growing demand for equity release and for quality advice. Introducing this service was therefore a logical step for us and after careful deliberation we chose Key Retirement Solutions due to their unrivalled knowledge, quality of service, independent advice and whole of market offering.”

Dean Mirfin, business development director at Key Retirement Solutions, says: “Our partnership with Teachers is a further reflection of our dedication to providing the best possible service to our customers.

“This new relationship reflects the rising consumer confidence in equity release.”