Pure Retirement have released the following update (see below for details). Full product details from Pure Retirement are available here. Contact our team to discuss any cases or criteria in detail across their full range.
Pure Retirement introduces new updates to its Heritage range
Specialist lifetime mortgage lender, Pure Retirement, introduces new updates to its Heritage range including improved criteria, a new product, Heritage Special 2.5, and up to 5% cashback on Heritage Specials.
- Heritage Special 2.5 is available to customers aged 55-85, with LTVs of 38% at age 70.
- In addition, applicants from age 60 can benefit from 3% cashback available across all Heritage Specials (1, 2, 2.5 and 3) and 5% cashback available on Heritage Special 3.
- All Heritage products (excluding Heritage Special 3) now benefit from a minimum property value of £70,000 (£100,000 for ex local authority). The Special 3 minimum remains at £100,000.
Further criteria considered, includes age-restricted properties, properties above or adjacent to commercial properties, thatched roofs, properties with annexes or self-contained accommodation, unsatisfied CCJs.
Explore full details of Heritage’s lending criteria and features on Pure Retirement’s website.