Partnership has upped its loan to value rates to enable clients with health issues to release more equity from their homes.
Their Enhanced Lifetime Mortgage will increase from 3% for smokers and other lifestyle impairments.
Meanwhile, those with health conditions such as high blood pressure and diabetes could expect an increase of around 20%.
Ged Hosty, managing director, equity release, Partnership, said: “For many clients the main challenge with equity release is raising sufficient funds to meet their needs. Our Enhanced Lifetime Mortgage already provides higher loans than standard schemes, but these additional amounts can make a meaningful difference – perhaps £10,000 or £20,000 on a typical property.”
