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View our most common questions about the application process.


View our most common questions about the payment process.


View our most common questions about the repayment process.

This will vary depending on your individual circumstances, your age, the value of your property and which type of equity release plan you apply for. Your equity release adviser will be able to give you a personalised illustration and talk you through the plan types available.

The rate you pay will depend on the rate at the time you take the plan. Our lifetime mortgages are likely to have a higher interest rate than a standard mortgage because it is fixed for life, meaning that you have protection against any rate increase in the future. Also, you won’t make any payments until the plan ends - this is when you pass away or move into long-term care. Again, your equity release adviser will give you all the details.

Yes, these are briefly explained below. However your equity release adviser will be able to fully explain the costs involved and how they affect the plan.

Valuation fee

This covers the cost of valuing your property, and is payable by cheque when you submit the application.

Arrangement fee

You can pay this up-front at application stage or it can be paid on completion and added to your loan.

Your solicitor’s fees

You should agree these with a solicitor of your choice. Our legal fees are covered within the arrangement fee.

Advice fee

You may be charged a fee by your equity release adviser. This should be agreed at the outset.

Pure Retirement may contribute towards, or pay in total, some or all of the costs associated with the set-up of your equity release plan.

This is subject to our lending criteria, please speak to your equity release adviser for more information.

Whilst not a requirement, we do feel it is important to consider discussing your plans with your family.

The good news is that any cash released from your home is tax-free. However, it is important that you discuss these matters with your equity release adviser, as depending on your personal circumstances, it could affect both.

This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration.