Just Retirement cuts interest rate on Roll Up Plan

Just Retirement, the equity release specialist, has reduced even further the interest rate on its market leading Equity Release Roll Up Plan. The rate from Monday 26th November 2007 will be cut to a keen 6.25% (AER), further cementing its position as the lowest flexible drawdown product in the market.

This announcement follows the recent introduction of increased LTVs for single life contracts for all ages up to 85, which means that customers are now able to borrow more money at better rates if they wish.

Just Retirement is also offering customers a “Christmas” cash back of £300 for all cases that complete by 31st December 2007. The payment will be made on completion of the case and will be passed back to the customer.

Paul Cowman, Head of Equity Release and Protection, commented: “Our message continues to be that equity release should be seen as a part of overall financial planning, and not as a last resort. Additionally, we believe flexible drawdown products are a key product, and want to encourage people to only take what they want when they need it. This is backed by our research which shows that above all customers want flexibility and control over their finances.

“We are committed to ensuring that the customer is treated fairly every step of the way. We recognise the importance of ensuring that our products always offer great value and we put words into action when it comes to service. We have worked hard and invested heavily in people and systems and will continue to set the benchmarks for the rest of the industry to follow.”