Lifetime Mortgage

Withdrawal of Lifetime Mortgage

Partnership has temporarily withdrawn its Lifetime Mortgage from sale. Like other mortgage lenders in the current market, the cost of money has increased such that we are unable to maintain the interest rate on this product at a fair and competitive rate. As a result we believe that, until such time that we can provide better value for our customers, it is not in the interests of customers to continue to offer this product. Equity release remains a core element of Partnership’s product offering and we intend to return with new lifetime mortgages as soon as possible.

Existing Lifetime Mortgage customers are not affected by this rate change or the withdrawal of the product. Their fixed rate remains unchanged, as does their no negative equity guarantee.

In the meantime, Partnership continues to offer a competitive Home Reversion Plan for impaired lives.