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.
Your Guide to Annexes in Later Life Lending
Annex properties are becoming increasingly popular for families as they offer flexible living arrangements and can serve as potential value boosts to properties. Later life lender Pure Retirement’s latest blog explains what qualifies as an annex, key planning and valuation considerations, and how the lender’s lifetime mortgage range treats annexes within lending criteria.
Discover practical guidance on utilities, shared versus let arrangements, plus how these factors impact suitability and loan-to-value. We also cover compliance checks, insurance implications, and benefit considerations to help you advise your clients with confidence.
Whether your clients already have an annex or are considering one, this blog equips you with the knowledge to navigate lending criteria and prepare accurate documentation.
Read now to stay informed and support clients with annex properties effectively>