Pure Retirement has entered a long-term agreement to provide lifetime mortgage origination and servicing for Nationwide Building Society.
The equity release product provider will manage the set-up and ongoing customer servicing of Nationwide equity release customers, with the building society advising on products through its specialist team of later life mortgage consultants.
Nationwide recently announced a comprehensive package of mortgage options and advice for older borrowers.
Age Partnership and Pure Retirement group chief executive officer Tim Loy says: “We’re proud to have supported Nationwide on its entry into the equity release market over the last couple of years. For our sector to have the support of the UK’s largest building society is a great endorsement, and the fact that products will soon be available through Nationwide later life mortgage consultants directly is another clear sign that equity release is moving into the mainstream of financial services.
“We very much look forward to working together over the years ahead to deliver an outstanding service to the society’s members.”
Nationwide director of mortgages Henry Jordan says: “The role that both Age Partnership Group and Pure Retirement have played supporting us in establishing ourselves in the equity release market has been of great value. When it comes to our members, we always strive to offer the best service and we look forward to working closely with Pure Retirement to achieve that goal together.”