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 Support Advisers with New Client Scenarios Following Major Refresh on its Emerald Range
Specialist lifetime mortgage provider, Pure Retirement, recently refreshed its Emerald range of lifetime mortgages to offer consumers greater choice. The redesigned Emerald range features 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.
Pure Retirement have created two useful client scenarios to assist financial advisers when illustrating the Emerald range:
- Sue and Harry’s story shows how the drawdown facility could support clients looking to fund care needs. View here.
- Geroge’s story illustrates the maximum LTV of 47% in use to buy a second property. View here.
Please note, these cases are examples only and created for financial advisers. Every case will be different.