TMA Club has added OneFamily to its equity release panel.
Members of TMA will now have access to a range of OneFamily’s later life lending products.
The addition is the first of a series of lifetime mortgage lenders set to join TMA’s equity release panel, according to the firm.
TMA Club senior product and business manager Rob McCoy comments: “The equity release market has boomed over the past couple of years, with £4bn of equity released in 2018 alone.
“As more consumers look to use a lifetime mortgage to assist them as they approach later life, it is paramount we are equipping our advisers with the right tools to help them cater for this growing segment of customers.”
OneFamily head of intermediary sales Jon Tweed adds: “Whether it be supporting an individual’s retirement income, helping family and friends onto the housing ladder or funding a big-ticket item, lifetime mortgages are enjoying record growth.
“In order to meet demand, we must partner with [TMA Club] to ensure brokers are suitably equipped with a range of products to offer their clients.”