Sovereign Lifetime Mortgages
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Our Sovereign lifetime mortgages feature our widest range of lending criteria, and clients can benefit from up to 4% cashback. With a 10% ERC-free optional partial repayment allowance and flexible pricing based on clients age, loan amount, property type and postcode.
Did you know that our Sovereign Elite range not only offers a maximum loan of up to £2m but can also be referred for amounts exceeding £2m? This makes it suitable for loan requests involving high-value properties. Contact your local Business Development Manager for full details.
Key documents
Our Sovereign lifetime mortgages are available as lump sum or drawdown mortgages that are suitable for single and joint applicants.
Discover if Sovereign suits your clients' requirements:
Product documents
Gain in-depth insights into lending criteria, benefits, and features of the Sovereign range.
Application documents
Get everything you need to guide your clients through application and additional services.
General documents
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Loans
Review if our Sovereign lifetime mortgages meet your customers' financial objectives.
Client ages
55 - 85
Loans from
10k - £1m
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Max. LTVs
13.50% - 38.50%
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Early repayment charges
10% ERC-free
Need a loan over £2m? Sovereign offers your clients referral options.
Contact your local Business Development Manager for full details.
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Click here to register.Features
Provide your customers 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 Sovereign lending criteria or ask Lenny, our AI-driven lending criteria assistant.
Meet Mabel, aged 70, married and applying in her own name
Mabel is previously divorced and now remarried. She’s the sole owner of her home, looking to access funds for home improvements. A Sovereign lifetime mortgage* could offer a total facility of £70,000, with an initial advance of £40,000 for immediate works and £30,000 reserved to drawdown later.
Sovereign is built for clients with unique circumstances like Mabel:
- Support for married but single applicants, managing complex situations
- A minimum £500 drawdown, so Mabel can flexibly release money
- Up to 4% cashback on selected products
- Interest is charged only on the amounts released, not on the total facility.
* Interest is charged only on the amounts released, not on the total facility.
If you have a client in a similar situation as Mabel, 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.
Do you have a specific question about our Sovereign range?
At Pure, we provide dedicated Telephone BDMs and Underwriters to actively assist you in finding the right lifetime mortgage for your clients, recognising that specific cases often require tailored solutions.