Pure Retirement is now offering desktop valuations on its Heritage and Sovereign product ranges, allowing applications to progress as normal.
With face-to-face legal requirements having been adapted allowing cases to progress to completion, the lifetime mortgage provider said it’s secure online portal for advisers allows for a streamlined submission of applications.
New desktop valuation products for Heritage have been created to mirror the full range of existing products, giving 90% of normal loan-to-value on traditional construction properties valued between £100,000 and £750,000 (£1m if inside the M25). Consideration will be given to flats and properties in proximity to commercial premises although conditions apply.
Selected Sovereign products have also had new desktop valuation product versions created, offering 80% of standard LTVs on properties between £70,000 and £750,000 (£1m if within the M25), and as with Heritage, consideration will be given to properties in proximity to commercial premises. All other property requirements for the Sovereign range remain as per normal criteria.
Pure Retirement’s head of intermediary sales Chris Flowers said: “Our teams have worked hard to find solutions to the recent problems faced by all, and their solid efforts have once more produced effective solutions for advisers and their customers.
“Our mantra of ‘service made possible through technology, made meaningful by people’ has really come into its own, as our online portal has enabled us to continue processing applications, while our teams are on hand as usual to support with any queries.
“It’s enabled us to not only continue operating as close to normal as possible, but in a manner that’s streamlined, secure, and which simultaneously considers the safety of our workforce and the ever-important needs of our customers.”
