Key Group has signed a referral partnership with Newcastle Building Society.

As part of the deal, the building society will refer its customers seeking equity release to Key Group.

The group’s whole of market advisory brand, The Equity Release Experts (TERE), will provide advice on equity release to the lender’s customers.

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Jason Ruse, business development director at Key Group, said: “We are delighted to be in a position to support their desire to provide their customers with more options for their later life lending requirements.

“With a wide range of mortgage products suitable to all age groups, the society was keen to work with Key Group so we can help support those borrowers who might find that equity release is the most appropriate product for their needs.”

Stuart Miller, customer director at Newcastle Building Society, added: “We are thrilled to announce this new partnership with Key Group as another way we can increase the options open to our customers, helping to provide them with the right outcomes at the right time.

“We know through our conversations with members that circumstances can change and I am confident this agreement means our later life customers will benefit from Key Group’s expert independent advice when they need it.”