Leeds-based lifetime mortgage lender Pure Retirement has seen its loan portfolio exceed £3bn, in spite of the challenging trading conditions experienced as a result of the pandemic.
It follows a consistent period of growth for the company, with the £1bn total portfolio size exceeded in 2019, and the £2bn mark being hit last year (assisted by the integration of an £870m third-party loan book, one of the largest seen in the equity release sector).
It follows a consistent period of growth for the company, with the £1bn total portfolio size exceeded in 2019, and the £2bn mark being hit last year (assisted by the integration of an £870m third-party loan book, one of the largest seen in the equity release sector).
The latest headline comes during a period of continued innovation for the lender, including offering early repayment charge-free optional partial repayment facilities on all of its products, the introduction of direct debit facilities on a number of its ranges, and a new-for-2021 version of its mobile app that streamlines processes for financial advisers and supports them in best serving their customers.
Speaking of the latest milestone, CEO Paul Carter says: “Given the tough landscape that has faced us all, it's gratifying that as business we've not only demonstrated resilience, but also the determination to grow and best serve our customers' needs. The latest milestone underlines and validates our commitment to, first-class service levels, market-leading products, and technological innovation, and also reinforces what a fantastic team we've got, continually working to ensure we remain a leading presence in the equity release market.”
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