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, a specialist lender of lifetime mortgages, continues to support financial advisers with engaging and relevant industry insight. The latest guide from the lender explores property eligibility in more detail.
While physical property characteristics are often top of mind for lifetime mortgage lending criteria, it’s equally crucial to consider financial-admin aspects like estate rent charges when assessing property eligibility. Simon Pawson, Lending Policy & Risk Manager at Pure Retirement, has created a guide for financial advisers on estate charges.
In this guide, Simon Pawson, explores how estate charges differ to freehold rent charges, why estate charges are a key consideration for lifetime mortgage lenders, and what discussions you can have with your clients about these charges.
Read Pure Retirement’s latest guide online.