Just Retirement removes fees on equity release range

Just Retirement, the equity release specialist, has announced the removal of up-front fees for its range of equity release mortgages, effective from 14 August 2008 and lasting until 31 December 2008.

Just Retirement already offers some of the most highly competitive age-related interest rates in the equity release market, starting from 6.29% AER (the overall cost for comparison is 6.3% APR). This new offering - which removes set-up and valuation fees on all applications - will be further welcome news, saving applicants an average of £700 and making equity release even more accessible to a wider market.

David Cooper, Marketing Director at Just Retirement comments: "Just Retirement strives to be a leading provider of equity release solutions, offering excellent value for money. We know consumers are feeling the pinch enough at present, so we hope this gesture will help those looking to reduce outgoings and boost income in retirement. This is especially true when you combine this with the flexibility offered by Just Retirement's drawdown product, which means individuals only pay interest on the amount they draw down and not on the overall agreed amount.

"This also highlights how equity release mortgages are now as good value as many standard mortgages. Just Retirement has been leading the industry to make these mortgages better value for all consumers."

For more information, visit justretirement.com