Freephone 0800 678 5955
Freephone 0800 678 5955
Compare Deals Drawdown Drawdown Plan

Just Retirement Product Summary

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Compare Deals Drawdown Drawdown Plan

Drawdown Plan

  • Type Fixed
  • Rate 5.29%
  • APR 5.40%
  • Free Valuation
  • 10%pa Voluntary Repayment Option
  • 3-Year No Early Repayment Charge*


Just Retirement are an established lifetime mortgage lender with a strong presence in the post retirement marketplace. Specialising traditionally in providing retirement income via annuities, they have naturally used the receipt of these pension funds to branch out to lending money in the form of equity release schemes. Having its own equity release funding model comes with its advantages and has proved the strength of the company in this increasing competitive lifetime mortgage marketplace.

They are not only a lender, but also fund other equity release companies products. Just Retirement offer traditional roll-up lifetime mortgages ranging from drawdown lifetime mortgages, to lump sum plans and also impaired equity release plans. Here Just Retirement use their experience of medical underwriting on cases where applicants have poor health and can therefore receive a higher maximum lump sum of equity.


The Just Retirement Roll-Up Lifetime Mortgage scheme offers a competitive equity release interest rate plans with annually charged interest that rolls-up as no monthly repayments are necessary. This equity release scheme is also a drawdown lifetime mortgage plan which provides flexibility with regards to how the overall cash facility that Just Retirement offer can be managed for future use.

The minimum property valuation acceptable on the Just Retirement Roll-Up scheme is just £70,000 with no upper valuation figure in force.

Just Retirement will accept properties that are the homeowners main residence in England, Wales, Scotland and are one of only a couple of lenders to offer equity release mortgages in Northern Ireland.

The Pure Drawdown Lifetime Mortgage is available on both a single and joint life along with tenants in common. The youngest acceptable age for any homeowner must be 60 with no maximum age limit imposed.

The minimum initial cash advance on this lifetime mortgage with Just Retirement is £10,000, with a minimum additional drawdown amount being just £2,000 which incur no further administration charges. The maximum drawdown facility offered by Just Retirement is £600,000 in England and limited to £250,000 in Wales, Scotland and Northern Ireland.

For equity release loans greater than £600k, bespoke quotations are available via Equity Release Supermarket. Please call Freephone 0800 678 5955 for your personalised Just Retirement Key Facts Illustration.


The Just Retirement Drawdown Equity Release scheme provides the flexibility for those not looking to take the maximum release of equity immediately, but rather take a smaller initial capital amount, followed by ad-hoc withdrawals from the remaining cash reserve in the future when needed.

The minimum cash withdrawal amount from the Just Retirement cash reserve facility is £2,000 and can be taken at any time, with any regularity. There are NO administration charges when taking further drawdowns.

Just Retirement offer a generous unlimited free valuation with the initial tranche of funds released receiving a fixed equity release UK lifetime interest rate. If any further cash drawdowns are made, they will be charged at the interest rate applicable at the time of each withdrawal. Therefore, several tranches of funds could attract various interest rates along with alternative starting points for the gilt based early repayment charge.

As a company Just subscribe as members of the Equity Release Council, hence their plans include the a no-negative equity guarantee. Therefore, upon the final sale of the property, the homeowners beneficiaries cannot be left with a personal debt to this home equity release company.


Although not designed to accept regular repayments, Just Retirement will allow ad-hoc partial repayments to be payable back to the plan. The limit imposed by Just Retirement is upto 10% per annum of the original capital borrowed. This amount can be repaid each year with NO penalty subject to a maximum of 6 payments in each 12 month period with a minimum payment of £500. Therefore, the future balance can be maintained at a level manageable by the homeowner and in favour of their beneficiaries.

*Another feature that will benefit joint homeowners is the 3-year window of opportunity for repayment with NO penalty should either partner die or move into care. On such an event, the survivor has three years to repay the equity release loan without any early repayment charge.

To obtain further information or to request a quotation on the Just Retirement Roll-Up Lifetime Mortgage, please contact the Equity Release Supermarket team on Freephone 0800 678 5955 today.

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