TMA Club has added Pure Retirement to its later life lending panel.
The move brings the number of equity release providers on TMA’s panel to eight.
TMA members will have immediate access to a variety of Pure Retirement’s products for clients aged 55 and over, including the lender’s Sovereign, Heritage and Heritage Freedom 40 plans.
All four plans offer loans of £10,000 and upwards.
Features included fixed early repayment charges and drawdown options.
There is no maximum property value.
Customers can choose to put in place downsizing protection and they are able to port their mortgage should they need to move home.
Brokers will be able to make use of Pure Retirement’s toolkit, which includes marketing materials that can be personalised with the adviser’s own branding.
TMA development director Lisa Martin says: “At TMA, we recognise the vital role that intermediaries play in the industry.
“We are committed to providing the highest level of support to our advisers, which is why we are delighted to announce the addition of Pure Retirement to our lifetime mortgage panel.
:As a result of today’s partnership, TMA advisers will be able to offer older customers a greater range of lending solutions to cater for their needs, and further help this demographic make the most of the equity tied up in their homes.
“We are confident that, with the added support of Pure Retirement’s adviser toolkit, firms will be better equipped to serve their older clients going forwards.”
Pure Retirement head of intermediary sales Chris Flowers says: “We understand that equity release is a decision that requires a great deal of thought and care, so the help of an adviser in this market is invaluable.
“To this end, we are committed to ensuring a smooth and straightforward process for brokers, so they are able to advise on this area with confidence.
“We look forward to providing TMA’s adviser community with a variety of flexible solutions to help their older clients, and supporting the Club in its plans to grow its presence in the later life lending space.”
