Partnership temporarily withdraws Lifetime Mortgage
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Tracey Scott
Partnership has temporarily withdrawn its Lifetime Mortgage until further notice.
The financial product provider says it has withdrawn the product after failing to keep it at a fair and competitive rate, due to sliding market conditions.
Partnership now believes that, until it can provide better value for its customers, it is not in the interests of customers to continue to offer the product.
Existing Lifetime Mortgage customers are not affected by this rate change or
the withdrawal of the product. Their fixed rate remains unchanged as does
their no negative equity guarantee.
In the meantime, Partnership continues to offer a competitive Home Reversion
Plan.
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