Pure Retirement - Max Drawdown Plan
Roll up Lifetime Mortgage
Rate: 5.88%
APR: 6.20%
Incentive Deal:
Features: FREE Valuation* | No Application Fee | £2,000 Fees Package* | Cashback Offer

Pure Retirement aim to create their own niche in the field of lifetime mortgages by targeting the maximum loan end of the equity release market.

Fully regulated by the Financial Conduct Authority and members of the Equity Release Council, Pure Retirement follow the code of conduct laid down in keeping consumers fully protected.

Pure Retirement aim to secure any applicants over the age of 60 with a greater lump sum than most equity release schemes in the sector.
In addition they want the consumer to find the cheapest entrance into market by assisting with homeowners set-up fees. This depends on the size of the release, but their basic offering is a free valuation.

The Pure Max Drawdown Plan will accept application from properties in England, Wales and mainland Scotland with a minimum property valuation of just £70,000.

The minimum age at commencement is age 60, with a starting loan-to-value of 30% and rising to 54% at age 84. These percentages are higher than the majority of equity release companies and therefore ideal for those homeowners who need the maximum equity release.

Pure Retirement's Max Drawdown plan has a minimum release of £10,000 with any unused funds kept by the lender in a cash reserve facility which can be tapped into, if, or whenever required in the future.

The strength of Pure Retirement lies in their low set up costs on their Max Drawdown Plan. For anyone over the age of 60, looking for the maximum releases usually benefit from plans where limited set up costs are incurred.
In keeping set up costs to the minimum, Pure can assist in achieving the maximum NET lump sum possible.

The Pure Retirement Drawdown plan helps with set up fees as follows: -

1. FREE valuation
2. NIL provider arrangement fee
3. A contribution of £2,000 towards set-up costs
4. Upto 3% cashback, dependent on the equity released

We can summarise this by considering the loan amounts requested which justify the offer employed: -

- For equity releases over £10,000 there is a contribution of £600 towards the homeowners solicitors fees
- For equity releases over £45,000 there is a contribution of £2,000 towards set-up fees & an extra cashback of 2% dependent on loan size
- For equity releases over £75,000 there is a contribution of £2,000 towards set-up fees, plus an extra cashback of 3% which will certain help lift the overall maximum equity release amount if that's a requirement.

Enabling all the above, would help negate any set up fees normally incurred during the application process. In some instances on the maximum loan of £600,000, the total fees package could equate to £20,000 (£2,000 fees package + 3% cashback)

With the Pure Drawdown plan being an equity release drawdown scheme means flexibility can be achieved with higher cash releases. The minimum future drawdown amount is £5,000 at any time and has no further charges per withdrawal.

In summary, the Pure Max Drawdown plan provides flexibility via drawdown, yet potentially the maximum equity release with a low cost route into the equity release market.

*the offer of no arrangement fee & £2,000 contribution towards fees is based on equity release applications over £45,000 or £75,000
**3% cashback applies to loans over £75,000 & is unlimited in size

Please call 0800 678 5169 for further details or request a Pure Retirement Max Drawdown Lifetime Mortgage Key Facts Illustration.

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