Saffron Building Society has announced a deal with Key Partnerships.
The arrangement will see members of the building society provided with access to Key’s specialist equity release advice.
Saffron will refer customers to Key Partnerships for later life lending advice if they deem equity release a better solution to retirement mortgages, according to the firm.
Key Partnerships head Jason Ruse says: “The interest in the later life lending market is growing rapidly and as part of this we are seeing an increased number of consumers trying to access information and advice on equity release products as they consider their later life lending requirements.”
Saffron Building Society chief executive Colin Field adds: “As a building society, we put customers at the heart of what we do and are therefore delighted to offer a range of later life lending options.
“We are aware that borrowing when you are older is a decision that needs to be considered carefully so we are delighted to be able to offer our customers access to market leading equity release advice from Key Partnerships.”