John Cupis, managing director, mortgages at Sesame Bankhall Group, said: “Lending into retirement is a fast growing area in financial planning which makes it important for advisers and their clients to understand what retirement options are available to them.
“The addition of Partnership to the PMS Mortgage Club lender panel will give advisers greater choice for clients over the age of 60 years old that may have health or lifestyle conditions which impact on their longevity.
“An increasing number of older people fall into this category and through this new initiative we can now offer more clients the opportunity to obtain a larger lump sum than via standard equity release products.”
Ged Hosty, managing director of equity release at Partnership, added: “The PMS Mortgage Club is well respected in the industry and we are pleased that they have decided to add our enhanced lifetime mortgage to their panel.
“This is the first enhanced lifetime mortgage available via this extensive lender panel and will help its directly authorised members to provide an even better service to their customers.”
