Partnership is pleased to announce that it has been awarded a Moneyfacts Five Star Rating for its Enhanced Lifetime Mortgage for the second year in a row. This product has been designed specifically for people living with health problems and not only increases the amount they can borrow but also does not charge valuation, application or completion fees.

This rating was awarded following a judging process based on weightings of specific features, flexibility and benefits. The relative importance of each component of the product was determined by Moneyfacts following almost seventeen years of in-depth research into the equity release market.

Particular emphasis is placed on features which are innovative or uncommon in the market and offer tangible benefits to consumers. The primary focus of this rating is to allow providers, advisers and consumers to compare important charges and features outside simply considering the headline rate.

Ged Hosty, Managing Director of Equity Release at Partnership, comments:

“People are increasingly being given the opportunity to design their own retirement – whether it means working longer, accessing more of their pension pot or using their housing equity to improve their financial wellbeing. Therefore, we are delighted that Moneyfacts has recognised our enhanced lifetime mortgage for a second year in a row as a first class product that offers real benefits to consumers.”

Richard Eagling, Head of Pensions at Moneyfacts said:

“The Moneyfacts Star Ratings recognise those providers who go above and beyond simply providing good rates and offer their customers features which can make a real difference to their lives. We are pleased to award Partnership five Moneyfacts stars for its Enhanced Lifetime Mortgage for the second year in a row and would like to congratulate the company on receiving this accolade.”