Partnership - Enhanced Lifetime Mortgage
Scheme Name: Partnership - Enhanced Lifetime Mortgage
Interest Rate: 7.65%
APR: 7.70%
Exclusive Deal: |
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Features |
FREE valuation | NO application or completion fees | £250 cashback |
Full details: |
Partnership are one of the longest established UK provider of specialist financial products for people whose health & lifestyle result in their life expectancy to be reduced.
Predominantly offering impaired life annuitys, Partnership now bring their underwriting experience & knowledge to the maximum release end of the equity release market. Their Enhanced Lifetime mortgage plan is built around a health questionnaire which seeks minor conditions such as blood pressure, through to more serious illnesses such as heart failure, stroke & cancer. Dependent upon the severity, will determine the size of the mortgage released. Partnership are SHIP members; thus bring associated protection features such as security of tenure, the right to move to another suitable property & the no negative equity guarantee. Additional, they also included an Inheritance protection feature which enables a guaranteed part of the eventual sale of the property to be left to the beneficiaries. The Enhanced Lifetime Mortgage plan starts at age 60 & is currently available only in England & Wales. The minimum property value is £75,000, with a minimum release of £25,000. The initial offering allows FREE entry onto the scheme as Partnership’s offer a FREE valuation, NO application or completion fee, & £250 cashback thus resulting in much lower set up costs. |