Age Partnership has signed a deal to provide equity release advice to Tenet’s network of advisers.
Tenet advisers previously had to find their own equity release specialist but with the volume of interest-only mortgages coming to their end of their term the network sought out a partnership to ease the burden.
Gemma Harle (pictured), managing director of TenetLime, said: “We are pleased to welcome Age Partnership on board, giving our members an equity release specialist to refer to as appropriate. They will also benefit from preferential contract terms.”
Adam Carnall, head of partnerships at Age Partnership, said: “The Tenet contract is a significant new partnership for us.
“During the due diligence process we worked closely with the team at Tenet to ensure that the customer journey between the two companies will be as smooth as it possibly can be.”
He added: “Demand for equity release is growing significantly, which is also evident from our other recent partnership with Yorkshire Building Society.
“At Age Partnership we are committed to growing the market for equity release through our continued investment in a national television and press campaign targeted at the consumer audiences, and also a significant investment in raising the profile of equity release to the adviser community.”