Buckingham Building Society partners with Key Partnership

Equity release lending rising

Hannah Godfrey
clock • 1 min read

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Equity release

Royal London acquires later life lender Responsible Group

Royal London acquires later life lender Responsible Group

Mutual purchases remaining stake in later life lending group

Jenna Brown
clock 23 November 2023 • 1 min read
Equity release activity up 26% year-on year

Equity release activity up 26% year-on year

‘Continued return to pre-pandemic market growth’

Julia Bahr
clock 02 August 2022 • 4 min read
Rory Gravatt: What do equity release and skiing have in common?

Rory Gravatt: What do equity release and skiing have in common?

Going off-piste?

Rory Gravatt
clock 12 April 2022 • 3 min read