Pure Retirement has become one of over 80 leners with Finova's lending panel

Finova welcomes Pure Retirement to lending panel



Lifetime mortgage specialist Pure Retirement has joined Finova Payment and Mortgage Services’ panel of over 80 lenders.


The panel offers both standard mortgage products and specialist lending solutions for residential, BTL, second-charge mortgages, commercial, development and equity release.

The partnership offers Finova’s advisers access to Pure Retirement’s suite of lifetime mortgages, which include features such as a flexible pricing structure with a 21-day post-KFI rate guarantee.

The lender offers downsizing protection, drawdown facilities, the provision to make payments via direct debit, and customer access to its MyPure online account management platform.

Members will benefit from LTVs of up to 50%, as well as broad lending criteria accommodating CCJs, DMPs, IVAs, bankruptcy (restrictions apply) and unique property characteristics such as thatched or 100% flat roofs, or Grade II-listed properties.

Advisers will be able to take advantage of the lifetime mortgage lender’s intermediary sales division, with regional telephone and field-based BDMs on hand to offer case support.

Finova’s head of payment and mortgage services, Melanie Spencer, commented: “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 and extensive lending criteria will be a great benefit to our members.”

 



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