Press Releases

Pure Retirement Launch Desktop Valuation Solutions

8th April 2020

In the current times of uncertainty within the market, Pure Retirement are today pleased to announce their offering of Desktop Valuation solutions for the majority of their Lifetime Mortgage products. Both their Heritage and Sovereign ranges now have valuation solutions as of April 8th, allowing applications to progress as normal and continuing to provide market-leading retirement solutions to their customers.

The lifetime mortgage provider remains dedicated to being able to transact with customers and advisers alike by remaining fully operational from KFI right through to completion. Face to face legal requirements have now been adapted in line with the recent announcement from the Equity Release Council, allowing cases to progress to completion. And the company’s technological developments in their safe and secure online portal for advisers allows for a streamlined submission of applications.

New desktop valuation products for Heritage have been created to mirror the full range of existing products, affording 90% of normal LTVs on traditional construction properties valued between £100,000 and £750,000 (£1m if inside the M25), with consideration given to flats and properties in proximity to commercial premises (conditions apply).

Selected Sovereign products have also had new desktop valuation product versions created, offering 80% of standard LTVs on properties between £70,000 and £750,000 (£1m if within the M25), and as with Heritage, consideration will be given to properties in proximity to commercial premises (conditions apply). All other property requirements for the Sovereign range remain as per normal criteria.

Speaking of the latest changes, Head of Intermediary Sales Chris Flowers says: “The wider business has really risen to the recent challenges, adapting to the unique and unprecedented circumstances we’ve faced with a proactive attitude and continued dedication to our market-leading service standards. Our teams have worked hard to find solutions to the recent problems faced by all, and their solid efforts have once more produced effective solutions for advisers and their customers.

Our mantra of ’service made possible through technology, made meaningful by people’ has really come into its own, as our online portal has enabled us to continue processing applications, while our teams are on hand as usual to support with any queries. It’s enabled us to not only continue operating as close to normal as possible, but in a manner that’s streamlined, secure, and which simultaneously considers the safety of our workforce and the ever-important needs of our customers.’

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