Lifetime mortgage lender Pure Retirement has increased LTVs to 48% on its Classic range products.
The changes will be applicable on both new initial advances and further advance borrowing.
Under these latest changes, an applicant aged 70 can access LTVs up to 38%, and applicants from age 80 can access LTVs up to 48%.
Pure’s head of product, Chris Buchanan, said:
“Our Classic product has consistently been a leading lifetime mortgage solution, and the increased LTVs available, up to 48%, will open up the Classic product to more people and provide them greater choice and value following our recent decision to remove the arrangement fee across the range.”
