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.
Counting down to Easter with more freedom for lifetime mortgage customers
Specialist lifetime mortgage lender, Pure Retirement, has extended the Heritage Freedom products to applicants aged up to 85. Minimum property value for Freedom is at £70,000 with no maximum. A highlight of the range is that customers looking to reduce the impact of interest roll-up can make up to twelve optional repayments, up to 40% depending on the product. Loans can be taken as either lump sum or with a drawdown facility.
Heritage includes a Special 1,2,3 range with a minimum property value of £100,000. Heritage Special products are now available to more customers as the minimum age has been extended to 60, and the Special 3 product champions high LTVs with up to 50.5% from age 80.
Explore more detail on how this product range benefits your clients on Pure’s website.