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Pure Retirement Emerald Rates & Details

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  • Type Fixed
  • Rate 7.96%
  • APR 8.34%
  • Free Valuation
  • 12%pa Voluntary Payments
  • 3-Year No Early Repayment Charge*
  • Downsizing Repayment Charge Exemption**
  • 10-Year Fixed Early Repayment Charges


Pure Retirement was formed in 2014 as a lifetime mortgage lender with a wealth of industry experience in equity release business behind it. This knowledge has helped Pure Retirement identify a gap in the retirement lending market for homeowners over the age of 55.

Pure Retirement's experience has helped position its equity release plans both in the higher maximum loan end of the market and with lower competitive interest rates. They also have consideration to minimising set-up costs using cashbacks & fee waivers on their drawdown and lump sum lifetime mortgage plans.

The Pure Emerald range of lump sum lifetime mortgage plans offer many versions dependent upon which options are required to be included within the design of the plan. The plans differ in the size of the loans they provide, set up fees selected and the size of the future drawdown facility. All these elements will have a bearing on the subsequent interest rate that Pure Retirement apply.

The Emerald Lump Sum Equity Release Plans provide an initial capital lump sum, which aims to offer a more competitive interest rate than its industry colleagues. Combining balance control measures with their flexible 12% partial repayment facility, along with competitive lifetime mortgage interest rate, Pure Retirement aim to offer this lump sum equity release scheme to a wider generic audience of retirees.


The Pure Retirement Emerald Plan is specifically designed for homeowners looking for a bespoke equity release plan which can suit their needs now & into retirement.

The minimum property valuation applicable to this Pure Retirement Lifetime Mortgage is £120,000 (£150,000 if ex-local authority). The maximum property value in England is £2m, with Wales & Mainland Scotland being £1m. For property valuations greater than £2m, contact the Equity Release Supermarket team on Freephone 0800 088 5898 for a bespoke quotation.

The property location needs to be within England, Wales and mainland Scotland and must be the homeowners main residence to be acceptable.

Pure Retirement's Emerald plan is available on both a single and joint life basis with a minimum age of 55 for the youngest homeowner. There is an upper age limit of 85 on their Emerald lump sum schemes.

The minimum initial release on this Emerald plan is £10,000 whilst the maximum loan is £950,000. Each version of the Emerald plan, determine the size of the maximum cash availability, with each Emerald plan having its own loan-to-value ratio.

Due the the many combinations of options available, it's always advisable to discuss with your local Equity Release Supermarket adviser on Freephone 0800 088 5898 and request a personalised Pure Retirement Emerald Key Facts Illustration.


This Emerald Lump Sum lifetime mortgage plan provides an initial tax-free lump sum cash release for immediate use.

Early repayment charges (ERC’s) are fixed and run over a 10 year period, starting at 7%. For specific criteria please contact your local Equity Release Supermarket adviser.

Pure Retirement are members of the Equity Release Council, thus all plans have a no-negative equity guarantee built into the product. Therefore, following the eventual sale of the property on death or long term care, the beneficiaries cannot be left with personal debt owing to the equity release lender.


Pure Retirement offer various combinations of application fees and cashbacks towards the set-up of these equity release UK schemes. These can be with or without an application fee. All variations will affect the interest rate accordingly.

The Pure Emerald Lump Sum scheme is essentially designed as a roll-up lifetime mortgage, however Pure have included a unique 12% Voluntary Payment Option. This allows the homeowner to make ad-hoc repayments of 12% of the original amount borrowed each year with NO penalty. The minimum amount that can be repaid is £50 and a maximum of 12 repayments can be made every year.

Making voluntary payments can help manage the future balance of the plan, and can therefore be operated on an interest-only or even capital and repayment basis, or just ad-hoc whenever a payment need arises. This can be important to those looking to ensure their beneficiaries acquire some form of inheritance.

*The Pure Emerald plan comes with the option of choosing whether to pay the application fee, or not. By selecting the fees free deal will increase the interest rate accordingly.
**The 3-year no early repayment charge applies to joint life plans where the loan can be repaid within 3 years of death or long term care of a partner and no penalty will be applied.
***The Emerald plan quoted above comes with an application fee of £895.

To obtain further information or to request a quotation on the Pure Retirement Emerald Lump Sum plan, please contact the award winning Equity Release Supermarket team on Freephone 0800 088 5898 today.

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