iPipeline and Partnership link up
The Partnership lifetime mortgage is designed for people in or near retirement who are living with health or lifestyle conditions.
Like any lifetime mortgage it allows them to release money from their home and use it however they wish: to travel, to maintain their standard of living or to enhance or adapt their home to their changing needs.
Paul Thornton, sales director at iPipeline, said: “Adding Partnership’s equity release product to the Assureweb Portal makes the Mercury platform more attractive to advisers.
“Our Equity Release service is a critical part of our Retirement Planning offering, providing advisers with a further advice opportunity to discuss with clients.
“The grey retirement market is growing rapidly, demonstrated in July by iPipeline experiencing the highest volume of Equity Release quote requests in over two years. Business volumes for Annuities in August are also looking very robust.”
Ged Hosty, managing director of equity release at Partnership, added: “We are delighted to be working with iPipeline to provide advisers with better access to our Enhanced Lifetime Mortgage via the Assureweb Portal.
“This product is not only ideal for those people with medical or lifestyle conditions who wish to take out equity release but also those who may already have a plan and wish to remortgage.
“By offering advisers easier access to these types of products, we hope that more intermediaries will recognize the benefits of speaking to their clients about equity release.”