6,000 sign up for Key Partnerships
Just over 500 have registered over the past three months after equity release lending hit a record £710m in the first half of 2015.
Will Hale, director at Key Partnerships, said: “Not all advisers want to specialise in equity release but are aware that offering advice can mean the risk of significant customer detriment if the advice is not appropriate.
“Advisers can refer their clients to us and ensure they will receive face-to-face advice from the UK’s leading equity release broker which takes all of the regulatory and compliance worries away, while helping maintain a valuable client relationship.
“Our whole-of-market expertise helps ensure optimal outcomes for customers, delivers attractive referral fees for advisers and provides protection from compliance and regulatory risk.”
Key Partnerships predicted continued growth for the equity release sector with the launch of new lenders, product innovation and continued low interest rates.
Advisers using the service net £1,300 on average for completing an equity release plan.