Just Retirement to cut equity release rate

The provider tells IFAonline it will cut the interest rate on the equity release product from 6.39% to 6.25% in response to falling yields. The rate change follows Just Retirement’s move this week to increase the loan to value package to customers aged between 50 and 85. The provider will also give customers with equity release applications completed between now and the end of the year £300 cash back. Last week Just Retirement’s equity release arm for IFAs, Just Retirement Solutions, partnered with IFA support services company Lighthouse Group to allow advisers to refer equity release ...