Classic Lifetime Mortgages
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Get Started With Classic
Our Classic lifetime mortgages feature some of our most competitive rates in the market. Clients can enjoy a wide range of LTVs, and personalised interest rates with no upfront initial loan fees. Up to 10% ERC-free optional partial repayments can be made via Direct Debits, with a maximum of 12 repayments per year.
Our Classic Elite range is ideal for clients seeking loans up to £2m. We can consider properties with more than 5 acres of land and there is no maximum property value. Contact your local Business Development Manager for full details.
Key documents
Our Classic lifetime mortgages are available as lump sum or drawdown mortgages that are suitable for single and joint applicants.
Discover if Classic suits your clients' requirements:
Product documents
Gain in-depth insights into lending criteria, benefits, and features of the Classic range.
Application documents
Get everything you need to guide your clients through application and additional services.
General documents
Easily check necessary considerations and find helpful resources for your clients.
Loans
Review if our Classic lifetime mortgages meet your clients’ financial objectives.
Client ages
55 - 84*
Loans from
£10k
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Max. LTVs
21% - 46%
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Early repayment charges
10% ERC-free
No upfront initial loan fees on Classic lifetime mortgages
Your clients can benefit from no upfront arrangement or valuation fees on their initial loan. Contact your local Business Development Manager for full details.
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Provide your clients with the loan features they need to enjoy their later life.
Lending criteria highlights
Here’s a selection of lending criteria highlights, to view the full criteria please refer to our Classic lending criteria or ask Lenny, our AI-driven lending criteria assistant.
Meet Stefan, a 68-year-old single homeowner
Stefan's home is valued at £245,000 and he needs funds for home improvements. With Classic Stefan can release £30,000 as an initial advance and £20,000 reserved to drawdown later*.
Classic is designed for clients like Stefan who want structured flexibility:
- Utilise drawdown facility and access funds in stages
- £500 minimum cash release, ideal for smaller projects
- Check account balance via MyPure and make optional partial repayments online
* Interest will only be charged on the amount released, helping Stefan manage costs effectively.
If you have a client in a similar situation as Stefan, log into our adviser portal and create a KFI.
Disclaimer: Customer profile is for illustrative purposes only and based on Pure Retirement's 2025 figures.
Need to discuss your case in more detail?
Some cases need a little extra help. Our dedicated team is here to provide first-class support and help you every step of the way. We're just a call away from turning your queries into solutions.