Launched in August 2004, Just Retirement are specialists in retirement solutions & have much experience in providing enhanced annuities & equity release plans.
The Just Retirement 'Just For You' Lifetime Mortgage plan has been launched to offer a greater lump sum by way of two options:-
1. Standard Loan-to-value - this plan aims to provide a higher lump sum than the standard roll-up lifetime mortgage scheme 2. Enhanced Loan-to-value - by asking a series of health questions Just Retirement underwriters can assess whether a higher amount can be released based on life expectancy
Both options are advantageous for people over age 55, who simply want the maximum equity release possible. There are numerous reasons for this and could be down to health reasons, or simply because their financial situation necessitates the absolute maximum release.
The interest rate on both plans are fixed and the rate is determined upon the product you are eligible for. A health & lifestyle questionnaire will be completed in support of the application which asks a series of questions with regards to your medical history.
Both the standard & enhanced plans start at age 60, with a minimum property value of £70,000 and £10,000 minimum initial release.
Both the Standard and Enhanced lifetime mortgage products are available in England, Scotland and Wales.
The Just Retirement Lump Sum Plus Plan has the feature of 10% Voluntary payments each year. This allows the homeowner to repay upto 10% of the original amount borrowed each year & help control the future balance of the plan.
The 3 Year No ERC Feature** is applicable to joint life equity release applications where should one person die or go into care, the survivor can repay the loan with no penalty within 3 years of such an event.
The interest rate quoted applies to the Lump Sum Plus for ages between 60-69
*FREE valuation offer applies to ALL properties ***Cashback option of £3,000 available and dependent upon loan amount and age
For a FREE personalised Just Retirement quotation, please contact the Compare Equity Release Team on 0800 678 5169 today.