Countrywide Surveying Services has renewed its agreement with Pure Retirement to continue providing valuation services for the lender’s later life lending business across the UK.

The arrangement will see Countrywide Surveying Services, part of Countrywide Surveying Services, remain in place as Pure Retirement’s lead valuer, with responsibility for supporting valuation work tied to the lender’s lifetime mortgage activity.

Pure Retirement, founded in 2013, is one of the larger lenders in the later life lending market and offers lifetime mortgages aimed at homeowners seeking to access housing equity while staying in their properties.

The two firms said the renewed agreement reflects an established working relationship and a shared focus on risk oversight, professional standards and consistent service delivery in a part of the market that has become more prominent in recent years.

For lenders operating in later life lending, valuations remain a central part of underwriting and risk management, given the longer-term nature of the products and the need to assess a wide range of property types.

Matthew Cumber, managing director at Countrywide Surveying Services, said: “Later life lending has become an increasingly important part of the mortgage landscape, and with that comes the need for valuations that combine local insight with a clear understanding of lender risk frameworks.

“Our role is to provide the kind of consistency and reliability that lenders depend on when making long-term lending decisions.

“Continuing our work with Pure Retirement allows us to build on a relationship where there is a strong alignment around quality, professional judgement and delivering dependable outcomes across a wide range of property types.”