Shine a light on Just’s Lump Sum Lite Lifetime Mortgage

With Just’s Lump Sum Lite Lifetime Mortgage, you can help clients cover their financial needs. And with market demand for equity release growing to £3bn last year and forecast to grow, now’s the time to focus on equity release.

While we appreciate equity release isn’t suitable for everyone, Just’s Lump Sum Lite Lifetime Mortgage could be the light your client needs to help them meet their financial requirements.

What’s it all about?

• Designed for clients needing a one-off lump sum, which is less than the maximum available and without a pre-agreed cash facility.
• A fixed rate of interest from day one protects your clients from future rate rises. With much talk in the press of interest rates rising, it means your clients can be reassured they won’t face rate increases whatever happens in the future.
• A lower interest rate than Just’s Lump Sum Plus product. If your client requires a higher LTV, Just’s Lump Sum Plus Lifetime Mortgage may be more appropriate.
• Lower interest rates mean the debt grows slower than with Just’s Lump Sum Plus Lifetime Mortgage. Interest accumulates on a compound basis and is usually only repayable when your client(s) dies or moves permanently into long term care.

At a glance

• Minimum age is 60.
• Property value is at least £70,000.
• Minimum lump sum amount is £10,000.
• Maximum lump sum amount is £600,000 for properties in England and £250,000 in Scotland and Wales.
• No upfront product fees as there is no valuation or set up fee.