Decide how to treat the annuity income by firstly finding out if
the applicant satisfies the following conditions
1) the person who received the loan used at least 90% of the
loan to buy an annuity
2) the annuity ends with the death of the person the loan was
made to, or the death of the survivor of two or more annuitants who
include the person the loan was made to
3) the interest on the loan is payable by the person it was
made to or by one of the annuitants
4) at the time the loan was made the person it was made to
(or each of the annuitants) was aged at least 65
5) the loan was secured on a dwelling in GB and the person
the loan was made to (or one of the annuitants) owns an estate or
interest in that dwelling
6) the person the loan was made to (or one of the annuitants)
occupies the dwelling it was secured on as the home at the time the
interest was paid.
