While Nationwide will advise on products through its team of later life mortgage consultants, Pure will manage the set-up and ongoing servicing of the deals.
Pure, alongside sister firm Age Partnership Group, played a significant role in helping Nationwide to enter the equity release market back in 2017.
Tim Loy, group chief executive of Pure Retirement, said that it was a “great endorsement” for the equity release sector as a whole to have the support of such a large lender.
He added that the fact that these products will soon be available through Nationwide’s later life mortgage consultants “is another clear sign that equity release is moving into the mainstream of financial services”.
Henry Jordan, director of mortgages at Nationwide, said: “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.”
