MCI Club in equity release referral agreement with Key Partnerships

26 January 2021

The MCI Mortgage Club has partnered with Key Partnerships, part of Key Group, to enable its members to refer clients who require advice on equity release to specialist advisers.

Through the referral agreement, MCI members who do not hold an equity release qualification, or who do not have the resources to support their clients in this area, can refer cases to Key Partnerships safe in the knowledge they will receive specialist advice. MCI members who use this method will be kept up to date as the case progresses allowing them to maintain the relationship with their client while also earning a fee for each completed case.

Focusing on providing a wider range of support, MCI has agreed to work with Key Partnerships to meet its members growing demand for access to later life lending options. The partnership comes off the back of more2life’s appointment to the MCI later life lending panel and the launch of the MCI’s Later Life Sourcing powered by Air Sourcing.

Key Partnerships is the referral arm of Key, the UK’s largest independent equity release broker, and all MCI referrals will be supported by its whole of market division – The Equity Release Experts. Pioneers in the later life lending arena, Key has made significant investment into its brand and market exposure, ensuring there is already an awareness in place prior to MCI members making the trusted referral.

Melanie Spencer, Head of the MCI Mortgage Club, commented: “All MCI members want to support their clients and provide them with great outcomes, even if they do not necessarily advise on those particular products. Key Partnerships reflects MCI’s commitment to support its members by providing an established referral route as well as sharing the same values and goals as MCI members.”

Jason Ruse, Business Development Director at Key Group, said: “With a growing awareness of the benefits that equity release and other later life lending products can offer clients around retirement, there is more interest than ever in this sector. We are delighted to be working with the MCI Mortgage Club to support its member’s aspirations to offer a wide range of products from trusted partners.”