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L&G link-up for release referrals

Legal & General Mortgage Club has linked up with Key Retirement Solutions to offer an equity-release referral service.

Members can access equity-release plans, including lifetime mortgages and home reversions, from a range of providers. Offers include exclusive products as well as a free initial consultation.

Over recent months, many companies have pulled out of the equity-release sector, including Northern Rock, Saffron Building Society, New- castle Building Society Equity Release Advisers and Coventry Building Society. Multi-tied adviser In Retirement Services went into admin- istration in August.

L&G director of mortgages Ben Thompson says: “Some providers have left the market recently but equity release is a very important segment of the market and looks set to play an increasingly significant role in funding retirement in the future.

“We have set up a stress-free referral process and KRS take care of all the advice as well as keeping the adviser fully informed along the way.”

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