Pure Retirement - Drawdown Plan
  • Pure Retirement Drawdown Lifetime Mortgage Plan
  • Rate: 5.88%
    APR: 6.10%
    Incentive: Yes
    Offers: Free Valuation Offer | No Application Fee | £2,000 Legal Fees & Advice Fee Contribution | Cashback Options


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 the over 60’s.

Pure Retirement’s experience has helped position it’s equity release plans in the higher maximum loan end of the market. They also have consideration to minimising set-up costs using cashbacks & fee waivers on their drawdown and lump sum lifetime mortgage plans. This makes Pure Retirement’s drawdown schemes one of the lowest cost-to-market equity release products.



The Pure Retirement Drawdown Plan is specifically designed for homeowners looking for a higher overall cash facility, combined with the flexibility of a lifetime mortgage drawdown scheme.

The minimum property valuation applicable to this Pure Retirement Lifetime Mortgage is £70,000 with no maximum value applicable.

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 drawdown equity release is available on both a single and joint life basis with a minimum age of 60 for the youngest homeowner and also 60 for joint applicants. Pure apply no upper age limit at inception of their drawdown schemes.

The minimum release on the Pure Retirement Drawdown scheme is £10,000 with any remaining unused funds being held in reserve as part of their drawdown strategy.

Pure Retirement do offer two formats of their drawdown lifetime mortgage which is their standard plan and the Pure Max Drawdown Plan, hence please call Equity Release Supermarket on 0800 678 5955 for your personalised Pure Retirement Drawdown Key Facts Illustration.



The Pure Retirement Drawdown Lifetime Mortgage scheme provides an initial tax-free lump sum cash release for immediate use, with any remaining unused cash being retained in their higher loan cash reserve facility. This is ideal for those needing access to immediate cash, but having the knowledge of a higher than average drawdown facility for the future, which for some retired homeowners can be vitally important.

Each drawdown scheme offered by Pure Retirement comes with a lifetime fixed equity release interest rate on the initial lump sum.

The minimum withdrawal amount from the cash reserve facility is £5,000 with no further administration charges for any additional drawdown amounts taken. Cash drawdowns can be taken as frequently as possible upto the maximum lending limit imposed by Pure Retirement. Future withdrawals from the cash reserve facility would be at the interest rate applicable at the time of withdrawal, thus could be higher or lower than the initial capital lump sum.

A generous free valuation on properties upto £2m in value. For properties valued above this figure, contact Equity Release Supermarket on 0800 678 5955.

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.

The Pure Drawdown Plans come with the standard plan and the Max Drawdown Plan with the difference purely being down to the amount each product will lend. As the name suggests, the Pure Max Drawdown plan will have a higher maximum release. The extra loan amount can vary between 3-6% dependent upon age.



Pure Retirement offer a fees contribution package towards the set-up of the equity release UK schemes. This assistance with regards to set-up fees make them one of the cheapest company’s to set an equity release mortgage up with. The fees package’s come in two formats dependent on the size of the equity release loan:-
    – For equity releases over £10,000 there is a contribution of £600 towards the homeowners solicitors fees
    – For equity releases over £45,000 there is a contribution of £2,000 towards set-up fees & an extra cashback of 2% dependent on loan size
    – For equity releases over £75,000 there is a contribution of £2,000 towards set-up fees, plus an extra cashback of 3% which will certain help lift the overall maximum equity release amount if that’s a requirement.

Occasionally, Pure Retirement have special offers which can increase these cashbacks even further, so its always worthwhile contacting the team on 0800 678 5955 or visiting our ‘Latest Offers’ page.

There is no commitment to making any repayments on Pure’s drawdown plans, however partial repayments of £5,000+ are permitted on the Pure Retirement Drawdown schemes, with the proviso that a £25,000 balance still remains. Any partial repayments to Pure Retirement would be subject to any potential early repayment charge.


To obtain further information or to request a quotation on the Pure Retirement Drawdown, or Max Drawdown Lifetime Mortgage, please contact the Equity Release Supermarket team on 0800 678 5955 today.