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 3.39% 3.4%

Scheme Incentives

  • Cashback
  • Free Valuation
  • Free Application

Scheme Offers

  • 5x LTV Tier Options
  • 3-Year No Early Repayment Charge
  • 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.
Just Just For You Lifetime Mortgage (Voluntary Payment)

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

The Just For You – Lifetime Mortgage with Voluntary Payments provides a variety of interest rates and flexible payment choices, all of which impact the final interest rate charged.

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

The youngest eligible age for any homeowner is 55, with no upper age limit at the outset, unless the monthly payment option is chosen, in which case the maximum age is 80.

Minimum Release

The lowest first cash advance on this lifetime mortgage with Just is £10,000, with a maximum loan of £1,000,000 in England, Scotland, and Wales, but only £250,000 in Northern Ireland.

Scheme Features

The Just For You Lifetime Mortgage allows you to select a retirement strategy that will provide you access to a variety of alternatives to assist you manage your later-life financing goals.

Just gives a flexible payment option by employing a voluntary payment option in which up to 10% of the initial amount borrowed can be returned without penalty each year. These are basically ‘interest-free’ partial repayments.

Valuation Features

Just provide a generous unlimited free valuation and a predetermined lifetime equity release UK interest rate.

Early Repayment Feature

Allow for a maximum of six partial payments in each 12-month period, with a minimum of £500 each time. Following any payment, a minimum overall amount of £10,000 must remain.

Just does not conduct any affordability checks on these voluntary donations and does not demand evidence of income. Furthermore, choosing for voluntary payments results in no weighting of the interest rate.

Equity Release Council Status

Just subscribe as members of the Equity Release Council, and therefore their plans feature a No Negative Equity Guarantee. As a result, the homeowners’ beneficiaries cannot be left with a personal obligation to this home equity release firm once the house is sold.

Joint Application Features

Just provide a generous unlimited free valuation and a predetermined lifetime equity release UK interest rate.

Scheme Options

Because the Just For You Lifetime Mortgage allows you to create your own plan with additional features, all of these options must be chosen prior to the plan’s offer and induction.

One alternative is to pick the Cash Facility option, which will include a drawing facility in the program. 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.

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

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 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.

Inheritance Protection

If the youngest applicant has a history of poor health, the medical history might be considered when determining the terms of the lifelong mortgage. The larger the possible lump amount, the worse the severity of the disease. Again, Just’s underwriters will modify the interest rate appropriately.

Footnotes

*The Just For You Lifetime Mortgage provides reward discounts and application costs ranging from £0 to £600, depending on age and loan-to-value.
**The Voluntary payback option is only accessible if the Interest Servicing facility is not selected.

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

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Value of Your Home?

50000

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Editorial Note: This content has been independently collected by the SovereignBoss 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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