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Just Retirement launches into equity release market

Just Retirement has launched into the equity release market after gaining Ship membership.
The firm’s equity release offering will sit between a roll-up mortgage and a home reversion plan.
Just Retirement will offer high levels of cash release and enhanced rates for those with medical conditions. Its charges will be fixed, unlike on roll-up mortgages, and so not be affected by the client’s length of life.
The typical APR for the product will be between 7.1-7.9 per cent and IFA commission will be 1 per cent of the charge. Customers with medical conditions will, depending on the severity of the condition, have APRs nearer 6 per cent.

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