Standard Life Home Finance partners with Sesame Bankhall Group

Sesame's adviser network and PMS Mortgage Club’s directly authorised brokers gain access to the lender's product range

Standard Life Home Finance partners with Sesame Bankhall Group

Later life lender Standard Life Home Finance has entered into a strategic partnership with Sesame Bankhall Group, further increasing access to its products.

Under the agreement, Sesame’s adviser network and PMS Mortgage Club’s directly authorised brokers can register on Standard Life Home Finance’s online portal to gain access to its entire suite of products.

These products include a variety of loan-to-values (LTVs), as well as both drawdown and lump sum options.

There are also other features such as fixed early repayment charges (ERC) under 10 years, unrestricted ERC exemption on sale of property following death or admission into care for first borrower, downsizing protection, and inheritance protection that is automatically included.

Standard Life Home Finance said its products will be available to PMS members via later life lending solutions in partnership with Key Group.

Kay Westgarth, head of sales at Standard Life Home Finance, shared that they are seeing more people interested in releasing equity from their home as part of their retirement plan.

Read more: Are people increasingly drawing on property wealth?

“By providing access to a range of products, tools and support services, we know we can help more people to make the best choices for their individual circumstances,” Westgarth said. “The role of the adviser is a vital one during this process, so strong relationships with adviser networks, brokers and support services are an important way we can help customers on this journey.

“Given this, it is exciting to work with Sesame Bankhall Group as they firmly believe in helping advisers to not only better serve customers, but also improve their own skills and understanding of the market. This ethos is very close to our own and we are pleased to be working closely with them.”

Stephanie Charman, strategic relationships director at Sesame Bankhall Group, said they are delighted to sign a strategic agreement with Standard Life Home Finance with the later life lending market going from strength to strength.

“Sesame Bankhall Group is focused on providing its members with market-leading support, better access to products and more options to support their customers,” Charman stated. “This new partnership is another important step in helping us to deliver on this ambition, and we look forward to working with the Standard Life Home Finance team.”