Pure Retirement - Classic Super Lite Plan
Roll up Lifetime Mortgage
Rate: 3.52%
APR: 3.67%
Incentive Deal:
Features: FREE Valuation Deal | No Application Fee Option* | 10%pa Voluntary Partial Payments | Fixed Early Repayment Charges | Downsizing Protection | Guaranteed Inheritance Protection

Pure Retirement are an award winning Yorkshire-based mortgage lender who have arrived in the equity release marketplace with a wealth of experience from some of the major providers in the industry.

Pure base their lending solutions around an external funding source for their equity release schemes. The Pure Retirement Classic range of voluntary payment lifetime mortgage plans are funded by a leading UK insurer. They offer two Classic Voluntary Payment schemes - the Lite and Standard versions which are effectively drawdown lifetime mortgages with differing loan-to-value ratios, dependent on which plan is selected.

These specially funded equity release products are only available via six specialist equity release advisor firms, of which Compare Equity Release has been selected. Compare Equity Release are therefore able to bring you Pure's market leading interest rates, which also include voluntary payments and fixed early repayment charges. Hence, Pure Retirement offer plenty of flexibility to suit a changing retirement landscape.

Aimed towards the lower end of the interest rate scale, the Pure Classic Voluntary Payment Super Lite Plan offers homeowners the flexibility of making ad-hoc or regular payments back to the lender in order to control the future balance of the plan. This could therefore be managed as an interest-only, or even capital & interest mortgage.

The Pure Retirement Classic Voluntary Repayment Plans are therefore geared toward those homeowners who are looking for flexibility in repayment and who want access to capital both right away, coupled with a competitive interest rate.

To be eligible for this product, the property must have a minimum valuation of £100,000 with a maximum property value of £1.5 million. The property must be the main residence of the homeowner and must be located in Wales, England, Mainland Scotland & Isle of Wight. Pure Retirement only uses 85% of the valuation when assessing the value of flats and maisonettes and will accept freehold properties within the UK and leasehold properties in England and Wales.

The Pure Retirement Classic Voluntary Payment Super Lite Plan is available up to a maximum of two applicants on a single and joint life basis. Homeowners must be between the ages of 55 and 80. The minimum loan available is £20,000 and the maximum equity release available is £460,000.

This product comes with several unique features. The Voluntary Payment Plans are lifetime mortgage products that serve to provide an initial cash lump sum with the option available to make repayments against the loan. An industry standard No-Negative Equity Guarantee is available with this product. This means that if the eventual sale of the home does not satisfy the full outstanding balance, the beneficiaries of the estate are not held responsible for the outstanding debt. There is also a Guaranteed Inheritance Feature available as well which means that the homeowner can protect a percentage of the sale price to be set aside for an inheritance.

The Pure Retirement Classic Super Lite product also comes with a downsizing protection feature included. This means that if the homeowner decides after at least five years to sell the home and repay the loan, they are able to do so without incurring any early repayment charges if the property the homeowner is moving to does not meet Pure Retirement’s lending criteria.

Perhaps the most unique feature of this product is the Voluntary Payment Option which allows the homeowner to make voluntary payments of up to 10% of the original amount borrowed every year without incurring any penalties once the plan has existed for at least 6 months. This allows the homeowner some control over their loan balance and their eventual inheritance.

This Pure Retirement product is most attractive to the homeowner who is concerned with obtaining a low fixed interest rate an potentially managing the interest roll-up situation, but does not want to have to follow a strict payment schedule. By making voluntary repayments, the homeowner does not need to evidence any proof of income and acquires control over their future loan balance.

Call the Compare Equity Release team on 0800 678 5169 for further details, or to request a personalised quote on the Pure Retirement Classic Super Lite Lifetime Mortgage Plan.
These are lifetime mortgages and home reversion plans. To understand their features and risks, ask for a personalised illustration.


  • All schemes are authorised and regulated by the FCA
  • Continued ownership of 100% of your home
  • Interest rates sourced from the whole of the market
  • Continued benefit from future house price increases
  • Special deals with incentives to save you money
  • Free initial advice with no commitment or credit checks

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These are lifetime mortgage & home reversion plans. To understand the risk & features of these plans, request a personalised Key Facts Illustration.

CompareEquityRelease.com helps you to compare and arrange equity release schemes from the whole of the equity release market:

Aviva | Bridgewater | Hodge Lifetime | Just Retirement | LV= | more2life | One Family | Retirement Advantage | Pure Retirement L&G Crown