Partnership launches impaired health equity release product

The lender says its home reversion plan could benefit 40% of equity release customers annually giving them more than a conventional equity release plan. Steve Groves, chief finance office at Partnership Home Loans, says the lender is able to lend greater amounts to potential equity release customers who may be in poor health based on medical data collected by parent company Partnership Assurance, which allows it to fully medically underwrite each customer and determine their life expectancy. The plan allows anyone from the ages of 55 to 96 to take out a plan, with a minimum release value...