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 Now Offering Age Next Birthday Terms Across All Lifetime Mortgages
Specialist lifetime mortgage provider, Pure Retirement, is now offering age next birthday terms across all of their product ranges.
If the borrower (or for joint life cases, the youngest borrower) is within 50 calendar days of their next birthday, they can benefit from the LTV and interest rate available to them at their age next birthday.
This only applies to initial loans (not further advances) and will not apply where the borrower does not meet the minimum age required for the product. For example, Pure would not apply age next birthday terms to a 54-year-old where the minimum age is 55 years.
To learn more about Pure Retirement’s lifetime mortgages, click here.