Partnership’s new Enhanced Lifetime Mortgage
Partnership is pleased to announce the launch of its new Enhanced Lifetime Mortgage, completely free to enter product which offers higher than average LTVs for smokers and those with certain medical or lifestyle conditions.
The key benefits include:
- FREE TO ENTRY – No set up fees whatsoever.
- NEW, EVEN HIGHER LTVs - Increased cash advances. Those with medical or lifestyle conditions such as smoking, high blood pressure, diabetes, obesity, heart conditions and cancer, can release more equity from their home. For those with more severe conditions the uplifts can be very high - something that may come in extremely useful in later life to support someone, for instance, with a significant care need at home.
- £500 CASH BACK – Payable to your client on completion of the loan which could be used to offset the client’s legal fees.
- INHERITANCE PROTECTION OPTION – Allows your clients to protect part of their property’s value to leave to their heirs, no matter how long they live.
- SHIP MEMBER - As a member of SHIP, Partnership offers the usual valuable safeguards, including a no-negative equity guarantee and the automatic right to continue to live in the property for life.
- NO NEGATIVE EQUITY GUARANTEE
- 3% COMMISSION – payable to Paradigm Mortgage Club members.