Just Retirement - Roll-Up Lifetime Mortgage
Roll up Lifetime Mortgage

Scheme Name: Just Retirement - Roll-Up Lifetime Mortgage
Interest Rate: 5.29%
APR: 5.40%

Incentive Deal:


Reserve Facility

FREE valuation* | Drawdown Lifetime Mortgage | 10%pa Partial Repayment Option | No Application Fee

Full details:

Just Retirement specialise in retirement solutions and are one of the longest serving equity release lenders in today's market.

The Just Retirement Roll Up lifetime mortgage provides an initial cash lump sum, enabling a lower initial loan. The unused equity is then held by the lender by facilitating a cash reserve facility, which can be drawn upon in the future, as & when its required. You can borrow from the reserve facility at any time without further approval & subject to a minimum of £2,000.

The interest rate on the initial cash withdrawal is fixed, however any subsequent withdrawals will be at the rate applicable at that time.

Plans start at age 60 & there is a minimum property value of £70,000 with a £10,000 minimum initial withdrawal limit.

Just Retirement have included two additional features to their Roll-Up Lifetime Mortgage plan which took effect from 27th March 2017...
The first provides the flexibility to assist in controlling the future balance of the plan by allowing repayments of upto 10% each year with NO penalty or affordability checks. Therefore, by making ad-hoc repayments, you can help affect the balance to the extent of making this an interest-only lifetime mortgage plan, or even a repayment basis if the full 10% limit is utilised.

The second feature added is the ability to repay a joint equity release scheme, in whole, with NO penalty, should either partner die or move into care. Therefore, if such an event occurs the surviving party has 3 years during which they can assess whether they want to clear the mortgage by downsizing without the worry of any early repayment charge.

* FREE valuation applies to ALL properties (no upper limit)

Please always check with the Equity Release Supermarket team on 0800 678 5159 for updates on the latest deals, or request your personalised Just Retirement quotation.