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Tenet signs contract with equity release specialist

Issued: 04 April 2017

Age Partnership has signed a contract with Tenet to provide equity release advice to its network of advisers.

This new contract takes the number of network partners that Age Partnership is working with into double figures. The financial retirement specialist attributes this growth to the increasing demand for equity release, coupled with their exclusive rates and unique commission offering.

Tenet, whose advisers would have previously found their own specialists to refer clients to, recognised that there is an increasing appetite for equity release, driven in part by the volume of interest-only mortgages coming to the end of their term. As a result, the adviser support group set out to forge a partnership with a large specialist who was equipped to tackle the increased demand.

Commenting on the new relationship, TenetLime managing director, Gemma Harle 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 added: “The Tenet contract is a significant new partnership for us as. 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.”

Carnall continued: “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.

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