Pure Retirement bring to the equity release marketplace their flexible Classic range of lump sum lifetime mortgages with options including voluntary repayments of upto 10%pa with no penalty, or credit checks, low interest rates and fixed early repayment charges.
These Pure Classic plans are only available via a limited number of equity release specialist brokers of we have valuable access to. Therefore, for homeowners looking to maintain a mortgage into retirement with the ability to service the loan, the Pure Retirement Classic Voluntary Payment Plan range are an exceptional choice.
The minimum loan permitted on the Classic Super Lite plan is just £10,000 with an overall maximum release of £1 million.
For the property to be eligible it must meet a minimum valuation of £100,000 with a maximum price of £2 million.
**The 3-year early repayment charge exemption applies to joint life applications should the loan be repaid within 3 years of death, or long term care of the partner.
More details to follow…