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.