Pure Retirement enhances criteria on Heritage range

Pure Retirement has announced a series of enhancements to its Heritage range which launched earlier this year.

Related topics:  Later Life
Rozi Jones
15th July 2019
Paul Carter Pure Retirement Age Partnership
"We launched the first broker facing mobile app earlier this year and it’s important to keep developing and evolving what we offer to our customers"

The Heritage range offers ERC-free partial repayments across all of its products, allowing up to six payments per twelve months and allowing up to 10% of the advance to be paid over the same period.

The products will now be available from aged 55 for both single and joint lives (down from 60 and 75 respectively).

Pure Retirement has also reduced rates for each of the respective LTV tiers and introducing a new low LTV product at 3.89%.

The above changes will also coincide with a simplified range of fee packages to provide a clearer choice for advisers. Pure Retirement will be offering two fee options: a standard package which comes with a £600 legal fee contribution, and a fees package which comes with 3% cashback for loans starting from £20,000, plus a £900 fee contribution.

Pure Retirement CEO, Paul Carter, commented: “Pure Retirement is committed to providing tools to enhance the broker journey, we launched the first broker facing mobile app earlier this year and it’s important to keep developing and evolving what we offer to our customers in an increasingly competitive marketplace. These changes to our Heritage range not only allow us to do that but also give a clear statement of intent for the rest of the year and beyond.”

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