Just Retirement notes equity release jump

The firm, which has published its new business figures for the quarter, confirmed that £37.4m of advances were sold, up from £37.1m last year. In addition, the sales for the nine months up to March totalled £119.2m, up from £111m the preceding year, a jump of 7.4%.

Just Retirement noted demand for equity release mortgages remained satisfactory, though it is running below the recent record levels.

The Group has recently replaced its 'fee free' product with a 'refunded valuation on completion' offer, which it said had been well received by the marketplace.

Mike Fuller, chief executive of Just Retirement, commented: "Just Retirement goes into the final quarter of its financial year with confidence. We have maintained our leadership position in enhanced annuities and our place as a top three provider of equity release mortgages.

"That this was all achieved against a highly challenging background is a testament to the robustness of the business model and the calibre of our people. I remain confident in the outlook for the current financial year."

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• Mortgages
• Equity Release
• Equity release