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PAFS adds to equity release range

The Pension Annuity Friendly Society is to launch an equity release product that will allow elderly people who are infirm or who have bad medical histories to release more equity from their homes. Pafs hopes it will be able to offer lower rates than average, and allow consumers to borrow higher proportions of their properties&#39 value, because its customers will have shorter life expectancies. It plans to launch the product within three months.

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