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Tenet agrees equity release partnership

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  • 05/04/2017
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Tenet agrees equity release partnership
Tenet members will be able to refer clients on to receive equity release advice from Age Partnership following a distribution agreement.

TenetLime managing director Gemma Harle (pictured) said the move gave members an equity release specialist to refer to as appropriate and that they would also benefit from preferential contract terms.

She added that part of the increase in the equity release market was due to the volume of interest-only mortgages coming to the end of their term.

 

Increased demand

Tenet said as a result it wanted to work with a large specialist who was equipped to tackle the increased demand.

Age Partnership head of partnerships Adam Carnall added that the Tenet contract was a significant new partnership.

“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 said.

“Demand for equity release is growing significantly, which is also evident from our other recent partnership with Yorkshire Building Society.”

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