Pure Retirement Lifetime Mortgage.

Pure lifetime mortgage

The Pure Lifetime Mortgage has the option of a cash lump sum or a drawdown to allow you to take further lump sums as and when you need them.

Minimum age – 60 

Maximum age – no maximum 

Available to home owners over the age of 60 with no maximum age.

Cashback available – Yes

Up to 2.5% of the loan amount plus £1,400 towards adviser and solicitor fees – payable to you even though we don’t charge adviser fees.

Drawdown available – Yes 

Available with a minimum withdrawal of £5,000 per withdrawal.

Medically enhanced plans available – Yes

Higher loan amounts or lower interest rates available for medically or lifestyle issues.

Inheritance Protection available – No

Voluntary overpayments – Yes

Voluntary overpayments of a minimum of 5% of the loan amount, subject to early repayment charges.

Early repayment charges 

Early repayment charges of up to 20% of the loan, depending on Gilt rates.


A Lifetime Mortgage allows you to release a tax free cash lump from your home to spend and use as and how you wish.  There are normally no repayments to make to the loan with the interest being added to the loan each month.  The interest rate is normally fixed for the life of the loan and the loan is only repayable when the property is sold, which normally happens when you die or go in to long term care.  In the case of joint applicants this normally happens when the second applicant dies or goes in to long term care.

Please contact us to today for more information on the Pure Lifetime Mortgage.  We are completely independent Equity Release advisers and will recommend a plan from a provider that suits you best.  We will compare all providers in the Equity Release market to ensure the plan we recommend meets your personal requirements.