Pure Retirement - Max Drawdown Plan
  • Pure Retirement Max Drawdown Lifetime Mortgage
  • Rate: 5.88%
    APR: 6.30%
    Incentive: Yes
    Offers: FREE Valuation Offer | No Application Fee | £2,000 Legal Fees Contribution and Advice Fee Contribution | Cashbacks Based on Loan Amount


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 Max Drawdown schemes one of the lowest application cost-to-market equity release products available.



The Pure Retirement Max Drawdown Plan is specifically designed for homeowners looking for a higher one-off maximum tax-free lump sum, but with lower set up costs in mind.

The minimum property valuation applicable to this Pure Retirement Lifetime Mortgage is £70,000 with a maximum valuation of £2 million+ on referral.

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

Pure Retirement’s Max Drawdown equity release mortgage is available on both a single and joint life basis with a minimum age of 60 for the youngest homeowner. Pure apply no upper age limit at inception of their lump sum scheme.

The minimum release on the Pure Retirement Max Drawdown plan is just £10,000 with a maximum release of equity being £600,000 in England & £250,000 in Wales.

For equity release loans greater than £600k, bespoke quotations maybe available via Equity Release Supermarket. Please call 0800 678 5955 for your personalised Pure Retirement Lump Sum Key Facts Illustration.



The Pure Retirement Lump Sum equity release plan has been developed to create Pure’s own niche in the initial transaction itself by way of reducing, in some cases negating, the net set up costs of an equity release application. For homeowners looking for the maximum lifetime mortgage possible, this methodology helps to squeeze the maximum NET release of equity by limiting set up costs, thus maximising the cash amount available on completion.

This Pure Retirement Lump Sum scheme provides a one-off tax-free cash lump sum for immediate use and spend as the homeowner wishes. Pure Retirement aim to not only provide the highest maximum loan-to-value’s, but also the lowest set-up costs thus potentially creating the largest net equity release sum in the hands of the homeowner.

The Max Drawdown plan offered by Pure Retirement comes with a lifetime fixed equity release interest rate. As no payments are required on this mortgage, this has the effect of providing a guarantee as to the future balance of the Pure plan.

A generous free valuation on properties upto £1m 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 upon death or long term care, the beneficiaries cannot be left with any personal debt owing to the equity release company.



Pure Retirement offer a fees contribution package towards the set-up of their 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 Max Drawdown plans and no facility exists to make partial repayments either.


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