Lifetime mortgage provider Pure Retirement has joined finova Payment and Mortgage Services panel of over 80 lenders.
This arrangement offers finova’s 450+ advisers access to Pure Retirement’s suite of lifetime mortgage products, which include features such as a flexible pricing structure with a 21-day post-KFI rate guarantee. Additionally, the lender offers downsizing protection, drawdown facilities, the provision to make payments via Direct Debit, and customer access to their ‘MyPure’ online account management platform.
Members of finova Payment and Mortgage Services will benefit from Pure Retirement’s loan-to-values of up to 50%, as well as broad lending criteria accommodating CCJs, DMPs, IVAs, and bankruptcy (restrictions apply) and unique property characteristics such as thatched or 100% flat roofs, or grade 2 listings.
Pure Retirement joins finova’s lender panel, which offers both standard mortgage products and specialist lending solutions, including residential, buy-to-let, second charge, commercial and development, and equity release.
Scott Burman, Pure’s head of distribution, said: “Pure Retirement recognises the importance of supporting clubs and networks, and the role they play in helping advisers to deliver best outcomes to consumers.
“Finova have a proven track record in delivering innovation to the financial services space, and we’re proud to be joining their panel, ensuring that their members have access to all the tools and information to help their later life clients in achieving their financial goals.”
Melanie Spencer (pictured), Finova’s head of payment and mortgage services, added: “Our mortgage panel continues to go from strength to strength, and the addition of Pure Retirement greatly expands the number of equity release products members can access through finova.
“We are delighted to be partnering with Pure Retirement, whose dedication to the consumer with their post-completion care, their broad and extensive lending criteria will be a great benefit to our members.”