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 Launches Guide on Sourcing an Interest Serviced Lifetime Mortgage
Later life lender, Pure Retirement, has partnered with sourcing specialist, Advise Wise, to create a comprehensive guide on sourcing interest-serviced lifetime mortgages. This guide demonstrates, in just five quick steps, how to source Pure Retirement’s interest serviced Heritage lifetime mortgages.
The interest servicing option can be selected when applying for an initial loan, and an interest rate discount will apply for customers making monthly payments of at least 25% of the monthly interest. After the lifetime mortgage has been set up, the monthly payment amount can’t be changed; customers can choose to stop payments at any time.