The revised amounts are as follows:
Age
65-69=25% (+3%)
70-74=30% (+4%)
75-79=35% (+3%)
80-84=40% (no change)
85+=45% (no change)
Portman's Associate Director for Intermediary Sales, Paul Howard said: "We recently entered the broker market with equity release on a pilot basis and are building our presence in this sector of the market. By increasing the LTV amounts, we can offer greater flexibility for borrowers and have further strengthened our position as a competitive provider of equity release".
Portman's Equity Release Mortgage: