It will mean 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.

As part of the agreement 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.

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.

Melanie Spencer, head of the MCI Mortgage Club, said: “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.”