Unique partnership for Key Retirement Solutions
09 November 2011
TWO influential players in the financial services market are joining forces to open up a wider choice of equity release products for homeowners aged between 55 and 95. With continued growth and demand in the market, Key Retirement Solutions and Unique have teamed up to launch a countrywide equity release service. Utilising its established network of high street brokers, Unique will be referring its equity release enquiries for free initial consultations with expert advisers from Key Retirement Solutions.
"With an ageing population and increasing pressure on pensions, savings and investments, home equity release options are being given serious consideration by older homeowners," explained Paul Wilson, group director at Key Retirement Solutions.
"We're looking forward to forging a strong working relationship with Unique Insurance Services and bringing our expertise to a wider market. Sales of equity release plans and the amount released climbed in the first half of 2011, confirming ongoing growth and popularity."
Equity release loans brokered through Key Retirement Solutions are repayable upon sale of the property and so there are no monthly instalments to meet. Typical clients remain in their property for life and have the assurance of no negative equity guarantees if there is any shortfall on sale, but all loans are portable. Home reversion schemes are also available if appropriate to an individual's needs.
"Key Retirement Solutions is a market leader in the field of equity release and have helped thousands of people to successfully obtain a tax-free cash lump sum from their home to tide them over or open up new lifestyle opportunities," added Diane Caplehorn, divisional director, from Unique.
"We have been receiving an ever increasing number of equity release enquiries in recent months and it made sense for us to cement a strong working relationship with Key. We hope that this will be the start of a highly successful long term commercial relationship."
The new partnership is one of the first of its type in the UK, and both companies are exploring other opportunities to work in tandem. Key Retirement Solutions is a member of SAFER (Specialist Advisers For Equity Release), the alliance established in 2008 by the leading specialist intermediaries in the equity release sector.
Unique is Gallagher Heath's in-house specialist brand provider of insurance products and solutions to charitable organisations. It offers specialist insurance products, now including equity release loan referrals, through 300 registered high street insurance brokers.
For further information about partnerships call Paul Wilson on 01772 508 501 or visit: www.keypartnerships.co.uk