Emerald Product Range | Pure Retirement Professionals

Conditions and Details

Criteria	Information
Personalised Quote	Customers will receive a unique quote based on their loan amount, age, property value, property type and location. Log into our KFI Portal to get an exact quote for your customer.
Age limits	Minimum Age: 55 Maximum Age: 85
Property Location	England, Wales and Mainland Scotland
Property Value	Minimum Property Value: £120,000 (£150,000 if ex-local authority) Max Property Value: £2 million in England (£1 million in Scotland and Wales)
Loan Size	Minimum Loan Size: £10,000 Max Loan Size: £950,000
Drawdown Facility	No drawdown facility available
Cashback	Cashback is not available
Partial Repayments	Up to 12 payments can be made up to 12% of the advance amount per year early repayment charge (ERC) free. The minimum partial repayment amount is £50.
Loan to Values (LTVs)	Maximum LTV is 20.00% - 45.00% depending on age
Early Repayment Charges (ERCs)	Early Repayment Charges are fixed. For more details, please see the ERC guide.
Set up Costs	For set-up costs please see the Tariff of Charges.
Porting	The lifetime mortgage can be transferred to a new property, subject to it meeting lending criteria at the time.
Downsizing ERC Exemption	If the intial advance has completed over 5 years ago and the new property does not meet the prevailing lending criteria, then the borrower(s) may repay the entire loan ERC-free.
Direct Debits	Monthly Direct Debits of a regular amount can be set up for partial repayments on these products.

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Full Emerald Treasure Hunt Terms and Conditions can be found here.