Compare UK Equity Release Providers

£70,000£1m+
You must be 55+ to qualify for Equity Release.
  • Independent UK Equity Release comparison service
  • Release up to £500,000 TAX FREE - Equity release is, in a nutshell, a way to unlock the value of your property and turn it into cash which lets you access – or 'release' – the equity (cash) tied up in your home, if you're 55+.
  • Get your free quotes and compare options from leading Equity Release companies.

Just Retirement Equity Release Review

Equity Release allows people aged 55 years and over to convert the value in their home into cash. The value of your home and your health condition are among the factors considered when determining the amount you qualify for. By filling in the quotation form above, you can get a free assessment and a comparison of some of UK’s equity release providers.

Just Retirement is a provider of retirement financial solutions in the United Kingdom.

To compare Equity Release providers click here and complete the short form.

Just Equity Release Products

Just Retirement offers equity release to viable individuals in the form ofLifetime Mortgages. The borrowable amount depends on several factors, such as your age and property type. The available range is usually between £10,000 and £800,000 if your property is located in the UK.

While this option provides you with cash that could come in certain situations, you should consult with your financial advisor to be sure equity release is the right option for you.

Lifetime Mortgages

With a lifetime mortgage, you can access a life-long loan tied to the value of your property. The interest rate is rolled over monthly and added to the total amount. This is collected in full after you die or move into long-term care.
Eligibility
To qualify for a lifetime mortgage, you should fulfill the following requirements:

Age – To be eligible for Just Retirement’s lifetime mortgage, you – and your partner in the case of a joint mortgage – should be older than 55 years.

Residence – You should be a resident of the United Kingdom, with property either in England, Scotland or Wales. The house should be your permanent place of residence, not left unoccupied for six months at a time.

Property Type – the house should be of standard construction, and have a value of not less than £70,000.

The cash is released to you either in a lump sum, drawdowns or in the form of interest serviced releases.

Lump Sum Lifetime Mortgages

With a lumpsum mortgage, you get the equity in the form of one-time cash payment with no subsequent withdrawals allowed. You will be charged a fixed interest rate, which builds up on a compounded basis, leading to a final amount that is higher than the initial amount you borrowed. You will not be required to pay any interest, but if you choose to do so, you might end up incurring early repayment costs.

Drawdowns

A drawdown works similarly to a lump sum mortgage, with the exception that after the initial lump sum, you have the option of setting up a cash reverse, which you can ‘draw on’ when needed. The initial amount you receive is usually smaller than what you would have gotten have you opted for the lump sum mortgage.

Interest-serviced Lifetime Mortgage

Interest-services lifetime mortgages are similar to the lump sum and drawdown mortgages, in that you are given a life-long loan to be repaid after your death or movement into long-term care. The only difference is that with interest serviced mortgage, you have the option of paying some or all of your monthly interest without extra charges. This prevents it from rolling over, reducing your debt in the long-run.

By comparing Just Equity Release and other providers discussed on this website, you can get a more unobstructed view of the options available for you. If you would like to know more about the products offered, your inquiries will be transferred to an FCA approved broker who will help you out.

You can get an estimate of the equity that you can release from your property by filling in the quotation form above with your details. You will receive a no-obligation assessment and a quote with a comparison of the cashback and maximum releases available in the UK’s equity release market.

To compare Equity Release providers click here and complete the short form.