Pure Retirement has launched an option for customers to self-manage their accounts as needed post-completion.
The integration of a direct debit facility on the Classic range enables regular monthly repayments of the same amount to be made, negating the need for customers to have to arrange payment each month, and safeguarding against things such as expiring cards which could impact on the ability to make a payment.
The provider says its latest enhancements and account management tools come as part of a prolonged period of technical development which has seen full integration with the Iress and Advise Wise sourcing platforms to provide real-time data and instant KFIs, as well as an overhaul of Pure’s online portal and product documents in order to streamline the KFI-to-application process for advisers.
The launch of direct debits also follows on from the unveiling of repayment calculators.
Suzanne Latimer, head of mortgage servicing at Pure Retirement, said: “With lifetime mortgages becoming increasingly flexible and affording customers the chance to control the rolling up of interest we’re consistently working towards providing facilities to help consumers make the most of their lifetime mortgage and to manage their plans in their own way.
“It’s exciting to be able to bring this great new development to market and to enable our mortgage holders to conveniently look after their account with minimal effort.”