Pure Retirement returns to full lifetime mortgage offering with Emerald relaunch

Pure Retirement has returned to offering its full range of lifetime mortgage products with the reintroduction of its whole-of-market Emerald range.

The range will accept applications from consumers aged 55-85, with applicants being able to access maximum LTVs of up to 46.1% depending on their age.

Pure Retirement has asked advisers to note that the reintroduced product will be lumpsum only.

The range offers a 21-day post-KFI rate guarantee and borrowers will have the ability to repay up to 12% annually without incurring any early repayment charges.

The latest move comes following the recent reintroduction of the lender’s Heritage range, which re-entered the market last month as a specialist high-LTV product for the over-80s, and also comes amid rate reductions on the lender’s Classic and Sovereign ranges with the lowest rate available now sitting at 5.50%.

Brendan Gilligan, head of products at Pure Retirement, said: “It’s gratifying to see the market opening up following the widespread effects of last autumn’s mini-budget. A holistic and innovative range of products continues to remain the forefront of market growth of 2023, and we’re proud to not only have restored full range availability to advisers and their clients through the reintroduction of Emerald, but also enhanced our other ranges to continue offering a wide range of attractive later life lending solutions to suit a variety of circumstances. These latest changes are only the beginning of a focus on product development over the course of the year, underlining our commitment to providing a market-leading lifetime mortgage offering.”