Just Group has launched medical underwriting for its lifetime mortgage range, which it said will increase flexibility and choice for equity release clients.
Just Group said around six in 10 customers could benefit from a reduced interest rate and the option to access more money. The medical underwriting will be available across its Just For You Lifetime Mortgage range. It will enable each client to get a personalised interest rate and loan to value option giving intermediaries the ensure products are "tailored" to the need of each client. "This could mark the beginning of the end for standard lifetime mortgage interest rates," said Stephen Lowe, group communications director at Just Group. "Rather than telling clients what the rate is ...
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