Pure Retirement Equity Release Review (2025): Expert Evaluation
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- The pros of Pure equity release include a tax-free cash lump sum, while the cons include potential impact on means-tested benefits and reduced inheritance for beneficiaries.
- They compare favorably to other providers due to its competitive interest rates and flexible options for releasing cash from your home.
- They are considered safe for retirees as it is regulated by the Financial Conduct Authority (FCA).
- Interest rates can vary between 5.97% to 6.28%*, but they are typically competitive and fixed for the life of the plan.
- Customer experiences are generally positive, highlighting the provider’s good communication, professional service and hassle-free application process.
Thinking of unlocking home capital for your retirement with Pure Retirement's equity release?
There is every chance that you may not be the only one researching it right now as a viable provider.
With a proven track record and tailored solutions to your financial needs, Pure Retirement has been helping thousands of retirees fund their senior years.
In This Article, You Will Discover:
Our dedicated equity release team has combed the market and researched all equity release service providers to see what may be the best option for you.
What Pure Retirement can offer you...
Is Pure Retirement the ideal equity release loan company to assist you and your family?
NOTE: SovereignBoss is an impartial and unconnected third-party information provider via this website, and the details replicated in this commentary represent the opinions of SovereignBoss only and may not reflect the views or opinions of Pure Retirement. This article must not be interpreted as advice, nor is it a solicitation to conduct transactions in any financial product provided by Pure Retirement.
What Is Equity Release?
An equity release mortgage is, in essence, a financial product that allows homeowners to borrow against the value of their property.
The loan, along with the accumulated interest, is not repaid through regular monthly payments like a traditional mortgage.
Instead, the entire amount is paid back to the lender when a specific event occurs, such as the homeowner passing away or moving into permanent long-term care.
This type of mortgage provides an opportunity for homeowners, particularly those in retirement, to access the equity tied up in their home, offering a source of funds for various needs while still allowing them to live in their property.
Who Is Pure Retirement?
Pure Retirement is a Leeds-based mortgage lender committed to excellent customer service and a wealth of experience in the equity release market.
It was founded on the belief that everyone should be able to enjoy their life in later years.
Why Should You Consider Pure Retirement?
You should consider Pure Retirement because it is an equity release-only specialist, focusing entirely on products for later-life.
It is also a proud member of the Equity Release Council and is authorised and regulated in the UK by the Financial Conduct Authority.
Does Pure Retirement Have an Equity Release Calculator?
Yes, Pure Retirement does have an equity release calculator.
You can also use our one below to see approximately how much equity you can release from your home.
Does Pure Retirement Offer Equity Release or Lifetime Mortgages?
Yes, Pure Retirement does offer equity release.
What Are the Advantages and Disadvantages of Pure Retirement?
Pure Retirement is a specialist in equity release, but it's website is limited.
More information:
Pros of Pure Retirement
Consider these pros:
- It specialises entirely in equity release and has been in business for a considerable period.
- It is authorised and regulated in the UK by the FCA and is a member of the ERC.
Cons of Pure Retirement
Consider these cons:
- It has a limited website and you may not find the information you need on it.
- Equity release reduces the size of your estate and inheritance.
Pure Retirement's Equity Release Schemes
Pure Retirement boasts various equity release schemes.
What you need to know:
Pure Retirement Classic Range
The Pure Retirement Classic range of drawdown lifetime mortgage plans is funded by Rothesay Life – a leading UK life insurer.
There are many versions of the Classic Drawdown plans – the Lite and the Midi.
The plans only differ in the size of the loans it will provide at certain ages and the consequent interest rate that Pure Retirement applies.
Classic Drawdown Equity Release Plans
Their Classic Drawdown Equity Release Plans provide an initial capital lump sum, which aims to offer a more competitive interest rate than it's industry colleagues.
Combining balance control measures with their flexible 10% partial repayment facility,
Along with a competitive lifetime mortgage interest rate, Pure Retirement aims to offer this drawdown equity release scheme to a wider generic audience of retirees.
Pure Retirement's Equity Release Interest Rates and Schemes Compared
Are you looking for a specific equity release scheme?
Annual interest can be available from as low as 5.97% to 6.28%*.
View the most current equity release rates here.
Have a look at all the equity release schemes available on the market, with our easy-to-use table, or compare the equity release rates.
*While we regularly review interest rates, these may have changed since publication.
What Are Pure Retirement's Fees?
Pure Retirement's fees may include an application fee.
It may also offer you a free valuation; however, sometimes providers charge for this depending on your plan.
Pure Retirement's Customer Reviews
Pure Retirement's equity release customer reviews are largely positive.
You can view them below.
How Did We Review Information on Pure Retirement?
We compiled this informative guide on Pure Retirement by gathering all the relevant information available about it, as well as considering customer satisfaction.
This is an unaffiliated, independent review of Pure Retirement.
Pure Retirement Complaints
If you are dissatisfied with Pure Retirement and want to lodge a complaint, you can do so on it's website.
Pure Retirement is committed to acknowledging your complaint within five working days and resolving it within eight weeks.
Learn More About Pure Retirement
Pure Retirement brings financial problems into a sharper perspective and makes them more accessible.
The firm recognises that deciding to release equity from your property is a big choice that requires a lot of time and consideration.
It believes it should not be a difficult or complex process.
It is authorised and regulated in the UK by the Financial Conduct Authority (FCA), and it adheres to the Equity Release Council’s (ERC) code of conduct.
Pure Retirement aspires to be totally transparent and accountable to consumers as well as regulatory bodies and trade agencies.
It does not use jargon or difficult forms that may take hours to complete.
The financial firm’s ideals of honesty, simplicity, and responsibility are embodied in the Pure Retirement promise:
- At all times, act in such a way that the client is treated fairly and reasonably.
- Remain at the forefront of the equity release market.
- Provide customers and equity release advisers with as much information as feasible in a clear and concise manner.
- Always be open and honest, swiftly responding to any enquiries with the utmost integrity.
- Provide the best possible customer service to clients and equity release advisers.
- Ensure consumers are aware of the timeframes and prices associated with their equity release plan.
- Behave in a professional, compassionate, and polite manner at all times, and behave without bias.
- Ensure that each application is processed as promptly as possible.
FCA Details
Trading Names
- Pure Retirement Limited
FCA Permitted Services
- Mortgages and Home Finance
Regulators
- Financial Conduct Authority (FCA)1
Registration Numbers
- FCA Ref Number: 582621
- Companies House Number: 7240896
FCA and Companies House Link
- FCA Link: FCA Link
- Companies House Link: Companies House Link
Pure Retirement's Contact Number and Address
- +44 113 366 0599
- info@pureretirement.co.uk
- 3175, Century Way, Thorpe Park, Leeds LS15 8ZB.
Common Questions
Is Pure Retirement a Member of the Equity Release Council?
What Are the Interest Rates of Pure Equity Release?
Where Is Pure Retirement Located?
Who Owns Pure Retirement?
What Jobs Does Pure Retirement Offer?
What Are the Pros and Cons of Pure Equity Release?
Is Pure Equity Release a Safe Option for Retirees?
How Does Pure Equity Release Compare to Other Providers?
What Are Customer Experiences with Pure Equity Release?
In Conclusion
Since it's inception in 2014, Pure Retirement has cemented itself as a credible specialist lifetime mortgage lender. So, if you are looking to unlock funds, Pure Retirement is a viable option.
It focuses entirely on later-life products and provides tailored financial solutions.
If you believe Pure Retirement equity release is right for you, then take the next step towards retirement freedom and chat to a financial adviser today.
The features mentioned and the amounts raised, are subject to the lender’s criteria, terms and conditions. These may take into account the age, health and lifestyle factors in order to provide an enhanced amount. To understand the features and risks, ask for a personalised illustration.