Phoebus Software signs new contract with UK-based Pure Retirement

By Megha Bhattacharya

Phoebus Software, today, announced a new contract with UK-based specialist mortgage lender Pure Retirement. The companies have been in collaboration since 2014. Pure Retirement has leveraged Phoebus’ solutions for originating and servicing its later life lending products. Recently, the company entered into an agreement with contact center analytics provider Yabber in a bid to allow it to become a part of the Phoebus Digital Ecosystem.

Phoebus Software Limited’s sales and marketing director, Richard Pike, said, “We have worked in the equity release market since 2007 and our proven experience in the Sector is second to none. Our relationship with Pure continues to go from strength to strength. We are hugely proud to have assisted in the launch of such a great business in 2014, assisting it grow into a market leader in its specialist area of lending, and now to be consolidating the relationship with the renewal of our contract. We look forward to continued success for both parties through the relationship over the coming years.”

Pure Retirement is a specialist mortgage lender to the equity release market, offering products that provide solutions for use in effective retirement planning. According to the company, homeowners can unlock the value tied up in their property, by converting it into a tax-free lump sum. This money can then be used for any purpose whether it’s to pay off debts, sail around the world or just enjoy a more comfortable lifestyle.

Andrew Thirkill, Chairman of Pure Retirement, added, “In 2014 we launched with PSL because of its proven track record in equity release originations and servicing solutions, which we believe still to be second to none. We did look at other providers as part of the renewal process, and by far Phoebus came out on top in terms of functionality and commercially. Over the years the partnership between our businesses has continued to work extremely well and we are delighted that this has culminated in the signature of the new contract.