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 Announces a Major Refresh of its Emerald Range
Pure Retirement has refreshed its Emerald range of lifetime mortgages, designed to offer consumers greater choice. The updated Emerald range has been redesigned to feature a drawdown facility with a minimum drawdown of £500, a shorter seven-year early repayment charge, increased LTVs up to a maximum of 47%, and the removal of arrangement fees on both initial and further advance borrowing. Free valuations will continue to apply across the range.
Criteria improvements include:
- Maximum age increased to 90 years old (89 +364 days on completion)
- Maximum initial advance increased to £1.5m
- No maximum property value
- Lending on flats and maisonettes
Pure’s Head of Product Chris Buchanan says:
“We have redesigned the Emerald range from the ground up and the new product offers greater flexibility and at lower pricing.”
Find out more on Pure Retirement’s website here.