Standard Life Home Finance has announced the launch of a strategic partnership with St. James’s Place, to increase adviser access to its later life lending products.

Under the agreement, St. James’s Place’s authorised advisers can register on Standard Life’s online portal to gain access to its suite products.

These equity release products include a variety of LTVs, as well as both drawdown and lump sum options.

Features of Standard Life’s product offering also include fixed early repayment charges (ERCs) under 10 years, downsizing protection from the first day as well as inheritance protection automatically included.

Standard Life head of sales, Kay Westgarth, said: “With a wider variety of customers interested in equity release than ever before, we are delighted to announce this partnership with St. James’s Place. This move will provide more advisers with access to the Standard Life product suite as they look to support their clients in the current market.

“All our products come with downsizing and inheritance protection from day one, as well as fixed ERCs, which can be hugely beneficial for St James’s Place customers who wish to consider a wider range of financial factors.”

Head of mortgages at St. James’s Place, Paul Johnson, added: “Residential property is increasingly becoming part of most people’s retirement planning – whether they plan to access the wealth tied up in bricks and mortar or need to consider the inheritance tax implications.

“By partnering with Standard Life, our advisers are now able to access an additional range of later life lending products to support these ambitions.  With features such as downsizing and inheritance protection as standard, we are confident that our clients will benefit from not only having a wider choice but access to options that suit their individual circumstances.

“This new partnership is another important step in helping us to deliver a truly customer-centric service and we look forward to working with the Standard Life team.”

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