Buckingham Building Society has signed a contract with equity release referral service Key Partnerships.
Through the partnership, Buckingham Building Society's new and existing customers will have access to specialist advice on equity release.
Equity release is a growing sector, increasing from £1.25bn to £1.7bn (37%) of lending in 12 months. In Q2 2018 alone, homeowners aged 55 and over unlocked £971m from their homes.
Buckinghamshire Building Society head of lending Tim Vigeon said: "We know that borrowing when you are older is a decision that needs to be considered carefully.
"Increasingly customers are looking at borrowing in later life and this partnership means any customer who enquires about equity release or has been identified as potentially benefitting from this option can be referred onto Key's independent specialist advisers."
Key Partnerships head Jason Ruse added: "The interest in the equity release market is growing rapidly. We are seeing increasing numbers of consumers trying to access independent regulated advice about equity release products as they consider their later life lending needs."
To communicate equity release's wider opportunities and benefits, writes Chris Flowers, providers and advisers need to think about how best to engage not only its usual target audience but also their families
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