Paradigm Mortgage Services has signed an equity release referral deal with Hub Financial Solutions.

The new partnership will see Paradigm members earn an introducer fee of 1.75% for each completed case they refer to HUB, set at a minimum of £750, and a no cross-selling guarantee.

HUB Financial Solutions is part of Just Group, which yesterday sold an equity release portfolio to the value of £300m to Phoenix.

Paradigm director of mortgages Richard Howes says: “This is all about securing the best customer outcomes for clients and giving those advisers who do not have the authorisation or qualifications, to work in the equity release space, with access to those that do.

“We have been hugely impressed with the way HUB work and we have no hesitation in recommending this new referral partner to our Paradigm firms.”

And HUB Financial Services managing director Simon Gray adds: “We are delighted that Paradigm Mortgage Services has chosen us as an equity release referral partner.

“Our service is designed to complement their members’ propositions, enabling those who don’t have equity release as part of their core advice offering to still support their clients.

“Those members can be confident their clients will receive good advice, that steps through a wide range of considerations before providing a personalised recommendation bespoke to the client’s needs and individual risks.”