Milton, owned by investor clients of Delancey, found Partnership’s finance package particularly attractive due to the long term nature of the facility, matching Milton’s reversion profile.
This facility will replace Milton Homes’ existing bank debt.
Andrew Megson, managing director of retirement at Partnership, said: “This deal demonstrates Partnership’s continued commitment to the equity release market. Over the years, Milton Homes has demonstrated its qualities as an innovative business, operating to the highest standards of integrity, making them ideal partners for us in this sector.”
Duncan Young, chief executive of Milton Homes, said: “We are delighted to form this relationship with Partnership and look forward to further co-operation in the future.”
