Teachers has entered the equity re-lease market via a partnership with Key Retirement Solutions.
The mutual, which provides mortgages to employees in the education sector, says the partnership will mean it will refer clients to KRS.
James Bawa, chief executive of Teachers, says: “We strive to offer our members a competitive range of products along with top class service.
“There is an increasing demand for equity release and introducing this service was a logical step. We chose KRS because of its quality of service and its whole of market offering.”
Dean Mirfin, business development director at KRS, says: “Our partnership with Teachers reflects our dedication to providing the best possible service to customers as well as increasing consumer confidence in the concept of equity release.”