Launched in August 2004, Just Retirement are specialists in retirement solutions & have plenty of experience in enhanced annuities & equity release plans.
With combined sales of more than £1.1 billion, Just Retirement have come to be recognised as one of the UK's leading providers of retirement solutions.
The Just For You Lifetime Mortgage plan has been launched to offer greater flexibility by way of two options:-
1. Flexible Repayments - this plan aims to provide a lump sum with the option to choose the level of monthly repayments. The higher the amount, the greater the discount to the interest rate that Just retirement Offer
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 most flexible equity release possible. There are numerous reasons for this and could be down to health reasons, or simply because their personal situation and inheritance wishes to be protected by controlling the future balance.
The interest rate on the Just For You lifetime mortgage are fixed and the rate is determined upon the product selected and the options chosen therein.
Both the standard & enhanced plans start at age 55, with a minimum property value of £70,000 and £10,000 minimum initial release.
The Just For You lifetime mortgage products are available in England, Scotland and Wales. The maximum loan available within England is £800,000, whilst Scotland Wales and Northern Ireland its capped at £250,000.
The Just plan also has the flexible facility 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 FREE valuation offer applies to ALL properties (no upper limit)
** Cashback option of £3,000 dependent upon age and loan amount
Interest rates are tiered, dependent upon age of the homeowner
For a personalised quotation on the Just For You lifetime mortgage, please contact the Compare Equity Release team on 0800 678 5169.