All you have to do is register to refer any clients interested in equity release to Key. For registering, referral partners receive 1 entry into the draw; for referring a client, 2 entries; and if the client proceeds to application, a further 3 entries. Existing registered individual partners will automatically receive 1 entry.
The incentive runs from today until 30 April and the prize will be presented to the winner in May. The promotion comes as Key celebrates receiving its 10,000th referral. The company paid out an average of over £750 per completed case in 2009 – up from £691 per case in 2008.
Commenting, Dean Mirfin, Key Retirement Solutions Group Director, said: “Those who are sharing the revenues from referring to ourselves are reaping the benefits and we want to take steps to provide even greater focus on equity release into 2010. To this end we are today launching a referral incentive to win a Mini Cooper. We hope this will give that added incentive, as well as the payments average in excess of £750 per case, to those who may not currently be looking at this area. In addition, it should give those who already refer to us even greater focus and incentive for the months ahead.”