10th October 2022: Standard Life Home Finance has today announced that it has joined the Mortgage Advice Bureau Later Life Lender panel. This will provide its later life advisers with access to a wider range of market-leading products.
With more than 200 national awards for its service and advice, the Mortgage Advice Bureau is the UK’s leading mortgage intermediary brand that established its Later Life panel in 2020 in partnership with Key Group. Other members include Canada Life, more2life and Legal & General Home Finance who provide the later life advisers within their network with access to a number of plans designed to meet different customer needs.
As the equity release market in the UK heads towards £6bn in lending in 2022, the partnership between Standard Life Home Finance and the Mortgage Advice Bureau will further develop the market for lenders, advisers and over-55 borrowers.
Kay Westgarth, Head of Sales at Standard Life Home Finance, said:
“We are delighted to be joining Mortgage Advice Bureau Later Life’s lending panel, alongside other well recognised brands in this sector. Using housing equity to support retirement income or help loved ones is becoming increasingly common and we are pleased to be working with the MAB team to support later life advisers and their clients. All our products include downsizing and inheritance protection as standard and are Defaqto five star rated and will provide later life advisers with a variety of options for their clients to choose from.”
Ben Thompson, MAB’s Deputy CEO, said:
“Having launched MAB Later Life in 2020, we are well positioned to service the increasing numbers of customers who are considering how they manage their borrowing into retirement. Standard Life Home Finance is a well-respected name in the later life sector, and having the brand join our panel will add some fantastic expertise and new innovative products to the comprehensive range already available to our advisers.”
Notes to Editors
For more information, please contact:
Director of Public Relations and Public Affairs
07384 511 140
Taneesha Pawar or Nick Andrews
About Standard Life Home Finance
The Key Group uses Standard Life Home Finance (www.standardlifehomefinance.co.uk) under license from Phoenix Group, the UK's largest long-term savings and retirement business.
Pioneers in the equity release market, Key Group is on a mission to be the UK’s leading retirement finance expert, operating in the later life lending market and focused on helping people finance a better retirement. Celebrating its 22nd anniversary in 2021, the Group has helped customers release more than £5 billion worth of equity from their properties.
Evolving to meet the financial needs of the increasing over-50s market, brands within the Group umbrella include two of the UK’s leading equity release advisers (Key Later Life Finance and The Equity Release Experts), one of the largest equity release lenders (more2life), and leading later life service provider (Air Group).
At the heart of Key Group is the commitment to use technology to improve/support advice quality, collaborate to build smart later life lending products, make expert financial advice accessible to all people on the retirement journey, encourage product/service innovation and be a leading voice for over-50s on retirement finance matters.
The Group is proud to be one of the largest private employers in Preston, with over 600 colleagues based across the UK, and its brands have garnered more than 100 industry and consumer awards since launch.
About Mortgage Advice Bureau
Mortgage Advice Bureau is the UK’s leading mortgage intermediary brand, winning more than 200 national awards for the quality of its advice and service.
It has over 2,000 advisers offering expert mortgage advice on a local, regional, and national level to consumers, both face to face and over the phone. Mortgage Advice Bureau handles more than £16bn of loans annually and was the first – and is currently the only – mortgage intermediary to have floated on the London Stock Exchange, having joined the Alternative Investment Market (AIM) in November 2014.
For more information visit mortgageadvicebureau.com or join the conversation on social media @MABCentral
Back to newsroom