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 in lifetime mortgages, publishes their latest market trend report that covers the fourth quarter of 2023. The report covers key statistics such as the factors that motivate new customers to release funds and the features that influence their product choice. Here’s a snapshot of some of the insight featured in the report:
- 25% of new customers used the released funds for home improvements, representing a 3% rise compared to Q3 2023.
- 2 million parents have, or would consider, taking out equity release to help their children get on the property ladder.
- Having fixed interest rates was the most important thing for UK customers who wanted a lifetime mortgage.
Moreover, Mark Gregory, the Founder and CEO of Equity Release Supermarket, shares his insights on the later-life lending market in 2023, as well as his professional opinion on the beginning of 2024.
You can read the full report on Pure’s website.