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.
Announcement
Pure Retirement enables advisers to help their customers manage costs with optional repayments. The company’s online account management platform, MyPure, allows clients to see their current balance and early repayment charge-free allowance. This overview gives them complete control over how they want to pay, what they want to repay, and how regularly.
All of Pure Retirement’s lifetime mortgages offer customers repayment options:
- 10% on Classic, 12 payments per year, minimum repayment amount is £50
- 10% on Sovereign, 12 payments per year, minimum repayment amount is £50
- 12% on Emerald, 12 payments per year, minimum repayment amount is £50
- 10% on Heritage, 6 payments per year, minimum repayment amount is £500
- Heritage Freedom up to 20% or 40% (product-dependent), 12 payments per year, minimum repayment amount is £500
Advisers can review and illustrate the benefits of repayments to clients via the company’s monthly and annual payment calculators. You can access the calculators here.