The product, which was exclusively revealed by Money Marketing in February, will pay eligible homeowners a minimum lump sum of 15,000. Any house price growth bel-ongs to the homeowner but any house price contraction is absorbed by Just Retirement and will not affect the proportion of equity that the provider holds. The deal is restricted to properties with a minimum value of 100,000 and the maximum secured equity is 75 per cent of the property value. The typical APR for the pro-duct is 7-7.4 per cent. Commission is 1 per cent of the sum secured.