Just Retirement said that it has designed its Equity Release Plan to offer clients maximum flexibility, drawing down money only as and when they need it, with a fixed interest rate for each drawdown and no hidden charges. Extensive research into the area has repeatedly revealed that above all clients want flexibility and control from equity release products.
Sales director, Andrew Megson, said: “Just Retirement believes that clients should not have to pay more for draw down. We want to encourage people to only take what they want when they need it, and as such offer a low interest rate for straight cash release and draw down.”
The Equity Release Plan is claimed to be different to those of its competitors because it offers unique selling propositions including: the lowest interest rate currently on the market at 5.99 per cent; LTVs from 25 per cent to 42 per cent; the ability to draw down modest initial cash advances as low as £10,000 and further cash advances as low as £2,000.
As part of a special offer, the valuation fee will be refunded on completion for all applications received by 31 December 2005.The commission levels offer a minimum £600 on initial cash advance, 2 per cent of each cash advance and 2 per cent on further cash.
