TMA Club has announced the launch of a new partnership with Standard Life Home Finance.

The move brings Standard Life’s range of later life lending products to the TMA panel.

TMA’s directly authorised brokers can now register on Standard Life’s online portal to gain access to its entire suite of products, which offer a variety of LTVs, including both drawdown and lump sum options.

Brokers at TMA will also benefit from a range of support and online services from Standard Life, including a range of tools and calculators, such as Portfolio Analyser tools, and Salary Exchange and Pension Carry forward calculators, to help later life advisers transform retirement outcomes.

TMA development director, Lisa Martin, commented: “This partnership reflects TMA’s continued commitment to providing our brokers with the best possible resources to advise borrowers and build a more efficient market.

“Given that the later-life lending market is predicted to double in the next decade, it’s more important than ever that brokers have the necessary capabilities to ensure clients can make well-informed decisions to secure their financial future. We’re confident that Standard Life’s innovative panel of products will enable our brokers to do so.”

Standard Life head of sales, Kay Westgarth, added: “Amidst an uptick in demand for mortgages from over-55s, we’re pleased to partner with TMA provide services that will allow customers to receive the highest quality advice on complex financial commitments.

“Brokers will need to arm themselves with the knowledge to help borrowers access equity, as the trend for later-life lending products is surely set to continue.”

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