Just Just For You Lifetime Mortgage

Are You Considering the Just For You Lifetime Mortgage Scheme? What are the Eligibility Requirements, Features, Interest Rates & Scheme Options? Discover If This Equity Release Plan Is For You.

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Just For You Lifetime Mortgage Scheme Review

Just For You Lifetime Mortgage Key Details

Type Rate APR
Just Fixed 3.34% 3.3%

Scheme Incentives

  • Cashback
  • Free Valuation
  • Free Application

Scheme Offers

  • 3-Year No Early Repayment Charge
  • 5x LTV Tier Options
  • Cash Facility Option
  • Medical Enhancements

I think you’ll agree with me when I say:

It’s REALLY hard to choose the best equity release scheme with all the choices available.

Or is it?

Is the Just Just For You Lifetime Mortgage, equity release scheme the best?

Don’t let your equity release dream become a nightmare!

Luckily, we’re here to guide you on the ins and outs of equity release, as you deserve only the best.

However, it’s important to remember that not all plans are suited to each individual. You need to look for one that will serve your home, your lifestyle, and the reason why you’re considering equity release in the first place.

As leading experts in the field, we’ve delved into hours of research, unpacked all the equity release plans on the market (we’ve reviewed over 250 schemes!), and discovered the best in the business.

Could the Just Just For You Lifetime Mortgage be the right equity release plan for you?
We’re here to help you:
Just is one of the leading equity release providers on the market and might just be the answer you’ve been looking for.
Can you truly go wrong with Just?

Let’s find out!

Who Are Just?

They have a strong social mission and are a lighthouse in the financial services industry. Just also offers products and services that assist clients in living a better later life, and believes that financial intermediaries are best positioned to assist people with the decisions they must make in order to do so.
Here’s a range of Just equity release plans you can choose from.
Just Just For You Lifetime Mortgage (Interest Only)

Scheme Background

With Just Retirement you’ll gain the advantage from choosing an established lifetime mortgage lender with a strong presence in the post retirement marketplace.

More than providing retirement income via annuities, Just Retirement also lends money in the form of equity release schemes through their own equity release funding model. And, beyond lending they are a funder to other equity release companies.

Just Retirement lets you enjoy traditional roll-up lifetime mortgages ranging from drawdown, lump sum and interest only lifetime mortgages to enhanced lifetime mortgage plans.

‘Just For You’, their lifetime mortgage plan gives you the chance to custom design your own equity release scheme. For example, you could create a drawdown facility which will provide access to extra cash withdrawals in the future, if required.

Or benefit from one plan that can integrate multiple features which can be individually selected based on your requirements. There are five loan-to-value tiers, each of which will determine the level of borrowing available and the interest rate charged.

With this and more, Just Retirement has proved its strength in the increasingly competitive lifetime mortgage marketplace.

Eligibility & Requirements

When compared to other variants of the plan, the Just For You Lifetime Mortgage – Interest Serviced option provides the most competitively priced equity release interest rate.

The Just For You – Interest Serviced Lifetime Mortgage is offered on a single or joint life basis, as well as tenants in common.

Minimum Property Valuation

The Just For You Lifetime Mortgage requires a minimum property appraisal of £70,000, with no maximum valuation limit.

Property Location Requirements

Homes in England, Wales, and Scotland that are the primary residence of the owner will be accepted.

They are one of only two lenders in Northern Ireland who provide equity release plans.

Certain limitations may apply to homes in Northern Ireland.

Single vs Joint

The earliest allowable age for any homeowner is 55 years old. When selecting the Interest Serviced option, the maximum age limit at commencement is 80 years old, depending on the youngest age.

Minimum Release

The lowest initial cash advance on this lifetime mortgage with Just is £20,000 for individuals wanting to service the interest payments, with the maximum loan being £1,000,000 in England, Scotland, and Wales but limited to £250,000 in Northern Ireland.

Scheme Features

The Just For You – Interest Serviced Lifetime Mortgage allows you to pick your repayment method over the interest rate. The interest rate imposed by Just at the start of the plan will be determined by the level of monthly payments as a proportion of the loan amount.

Scheme Options

Because the Just For You Lifetime Mortgage allows you to create your own plan, you may include elements other than interest servicing. These choices must be chosen prior to the plan’s offer and induction.

Just will include a drawdown facility into the plan if you pick the Cash Facility option. As a result, after the maximum loan amount has been determined based on age and property worth, Just will offer a drawdown arrangement depending on the funds remaining after the first lump payment has been taken.

By selecting this Cash Facility, the interest rate and subsequent cash withdrawal rates will be enhanced by 0.1 percent in comparison to the normal conditions.

If the youngest applicant has a history of poor health, the medical history might be considered when determining the terms of the lifelong mortgage. This medically upgraded option comes with monthly payments as well. The larger the possible lump amount, the worse the severity of the disease. Again, Just’s underwriters will modify the interest rate appropriately.

If the cash reserve facility is entirely utilized, more borrowing may be available. Any further advances will be charged at the interest rate in effect at the time of each withdrawal.

Repayment Options

Another element that will assist joint homeowners is the three-year window of opportunity for penalty-free repayment if one spouse dies or moves into care. In this case, the survivor gets three years to repay the equity release loan without incurring any early repayment penalties.

Application Fees

This reserve has a maximum drawdown capability of £200,000, with a minimum withdrawal amount of £2,000 per withdrawal and no administrative fee.

Footnotes

*The Just For You Lifetime Mortgage provides a range of cashback packages and application costs ranging from £0 to £600, depending on age, loan-to-value, and choices chosen.
**The rate given is for 75 percent of the monthly interest serviced and there is no drawdown facility.

Just's Other Equity Release Schemes

Are you looking for a specific equity release scheme?

These are some of the schemes offered by Just.

Before You Go

How Much Can You Release? 👇

 

Equity Release Calculator

Value of Your Home?

50000

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Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.

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Equity Release Calculator

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As Featured In
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