Pure retirement has become the first lender to join the Sourcing Platform of the Hypotheek broker.
It means that the lifelong mortgage offers from the lender are fully searchable for a wider audience of advisers in addition to regular products that would normally not deal with the release of Equity.
The companies both say that this is becoming increasingly important due to the rates between lenders and standard mortgages that are getting closer.
It is also important for advisers to consider lifelong mortgages as an option for older borrowers about the forging of interest alone, they say.
MBT offers criteria, affordability and prices to advisors with results in less than a minute.
In addition to accelerating the advisory process, it also offers proof of research for compliance purposes.
Pure Pension Head of Distribution Scott Burman says: “We are delighted to collaborate with MortGage Broker tools and offer a platform for regular advisers to have our products visibility.”
“With the addition of interest service products in the later living space, the difference in rates between homes and lifelong mortgages has never been so close.
“And with lifelong mortgages that offer the flexibility to move houses and buy properties, there has never been a better time to work with a holistic technology platform and to increase awareness of the possibilities offered by modern later loans.”
MBT Chief Executive Tanya Toumadj says: “Later Life Credit is a growing sector in view of the aging population.
“However, it can sometimes be difficult to compare the options of later life credits with those of more traditional providers.
“With the integration of PUUR Pensioen in MBT, we offer brokers an easy way to view the options side by side based on the circumstances of their customers.
“In our data we can see that for 30% of the cases in which an applicant is 55 or older, no current lender on our panel will meet the requested loan – a clear area where pure pension could help.”
The news comes after Pure Retirement announced changes to his origination team last month.