Empower your clients to borrow their way with an interest serviced lifetime mortgage*, available on both lump sum and drawdown plans.
*Interest servicing with Pure Retirement meets the Equity Release Council's core product standards for lifetime mortgages.
The interest servicing option can be selected when applying for an initial loan, and an interest rate discount will apply for customers making monthly payments of at least 25% of the monthly interest. After the lifetime mortgage has been set up, the monthly payment amount can't be changed; customers can choose to stop payments at any time.
*if payments maintained
Property value: £275,000 | Release amount: £60,000 | Based on a Heritage lifetime mortgage plan | ||
---|---|---|---|---|
Interest rate | Monthly payments | Amount owed after 15 years | Savings over full interest roll-up | |
Full interest roll-up | 7.62% MER | £0 | £187,491 | £0 |
With a 25% or more payment | 7.02% MER (0.60% discount) | £87.75 (Minimum payment) | £143,586 | £28,111 (if payments maintained) |
*Interest serviced example on Heritage Special 2.5 with an estimated 15-year term, price correct as of April 2025.
Interest servicing is currently available on our Heritage range. Interest servicing customers can take up to three monthly payment holidays in every 12-month period. If they miss more than this the interest rate will increase as the discount no longer applies. For further information on Heritage's features, click the link below to view the full plan.
By servicing the interest monthly, customers not only benefit from reduced interest rates but a reduction in the overall cost of borrowing. Interest servicing customers making regular monthly payments and receiving the interest rate discount will not be able to make additional partial repayments.
Interest servicing with Pure Retirement meets the Equity Release Council's core product standards for lifetime mortgages.
Discover our collection of official documents and delve into the details of how interest servicing could benefit your clients.
Visit our Heritage product page for full documentation.Discover Heritage