Just Retirement Equity Release Lifetime Mortgages

To find out more about Just Retirement Equity Release Lifetime mortgages and the other leading equity release schemes on the market, Click on the image below to complete the Equity Release Quote request  form and an equity release specialist will be in touch to offer you independent help, advice and quotes.

 

Working with carefully chosen partners such as UK Financial Solutions, Just Retirement provides specialist equity release lifetime mortgage solutions to help you enjoy retirement to the full.

At UK Financial Solutions we offer specialist equity release advice and only advise on products provided by lenders who are members of SHIP. This gives you a choice of solutions that may be appropriate for your circumstances.

We will talk to you about your circumstances and assess whether equity release is the right option for you. If it isn't, we will clearly state the reasons why not. If it is, we will give you comprehensive advice on an appropriate equity release scheme that meets your needs and circumstances.

Amongst the schemes available are the Just Retirement Fixed Lifetime Mortgage and the Just Retirement Roll-Up Lifetime Mortgage.

 

Rolled Up & Fixed Lifetime Mortgage

The Roll-Up Lifetime Mortgage is a lifetime charge against your property that allows the release of equity from your home.

• The equity can be released in a number of ways to provide you with
  • One-off cash sums
  • Regular annual cash sums that you can stop at any time
• At outset, Just Retirement grant you a cash facility which you can draw on for the rest of your life. This enables you to come back to Just Retirement and request further cash advances later.
• Interest accumulates on the amounts you have withdrawn over your lifetime and the total loan plus accrued interest is repaid from the proceeds of the sale of your property when you die or if you decide to move permanently into care.

How does it work?

Firstly Just Retirement tell you what your maximum cash facility will be. This depends on a number of factors including your age and the value of your property.

You can then decide how much of this cash facility you wish to draw on initially.

This initial advance can be taken as a cash sum

Once you've decided on the amount of the initial advance, Just Retirement will grant you a cash facility which will be twice the amount of your initial withdrawal (or your maximum cash facility if this is lower).

Your cash facility remains available at any time, unless there are exceptional circumstances, such as a significant rise in interest rates or a significant fall in property prices.

You are free to draw on your remaining cash facility at any time in the future by requesting one-off payments. Or, if you prefer, Just Retirement can arrange for you to receive regular cash payments on an annual basis.

Interest accumulates only on the amounts you have taken and only from the date Just Retirement make the advance. You do not pay interest on your total cash facility, but only on the amounts you have received.

You do not make any monthly interest repayments but instead, interest is accumulated on the total mortgage loan amount over your lifetime.

The annual interest rate you are charged is set at a fixed rate that is determined at the outset and applies to your initial cash advance. The rate will never increase but the interest will accumulate each year on a compound basis meaning that the more years that pass before the loan is eventually repaid, the bigger the final total interest charge.

If you decide to take a further cash advance in the future, a new fixed interest rate will in turn be determined for that new cash advance.

The mortgage loan (including interest) is repaid in full from the eventual sale of your property when you die or if you decide to move permanently into care. The amount remaining from the proceeds of the sale reverts to your estate so there may still be something to leave behind for your beneficiaries.

Throughout your retirement, you can continue to enjoy living in your home. What's more, a valuable 'no negative equity' guarantee applies, so you can be sure that, in the event of your property being eventually worth less than the mortgage loan, your beneficiaries will never be landed with a bill for the difference.

 

THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS,
ASK FOR A PERSONALISED ILLUSTRATION.