TMA members will now have access to Just’s products including its Just For You lifetime mortgage product..
TMA Clubhas added retirement lending solutions providerJustto its equity release panel.
TMAmemberswillhave immediateaccesstothelender’sJustForYoulifetime mortgage product.
Available toretireesaged 55andover,the offering allowsborrowersto create a solutionthat caters fortheirspecificneeds, with the option to take a cash lump sumor release cash as and when needed from a pre-agreed facility.
Clients are also able tomove ontoan interest roll-up optionafter starting with interest serviced.
Lisa Martin (pictured), development director at TMA, said: “Adding Just to our equity release panel will provide TMA members with even more options to serve this fast-growing market.
“During Q3 alone,almost £11m of property wealth was unlocked each day by homeowners aged 55 and over.
“We have seen the lifestyle options and priorities of both over-55s and retirees change over recent years.
“Advisers are therefore increasingly hearing from a growing number of older borrowers looking to make the most of the equity tied up in their homes.
“We will continue to enhance the TMA proposition to make sure our membersare equipped with a variety of solutions to support the growing numbers of later life borrowers, whether these be standard mortgages, RIOs or equity release products.”
Stephen Lowe, group communications directoratJust,added:“The Just For You Lifetime Mortgage combines new and existing features into a single solution that is simpler, more flexible and offers advisers more scope to tailor the plan to the needs of their clients.
“Since the product’s launch earlier this year, it has been enthusiastically received for its range of options, unique features and high-quality support.
“This is a major growth area as people turn to the wealth in their properties to better meet their lifestyle aspirations in retirement and to support other family members.
“We look forward to working closely with TMA and the club’s adviser community to provide innovative lending solutions that will help more homeowners make the most of their property assets through their retirement years.”
Just is thefifth addition to TMA’s lifetime mortgage panel. Previouslender additionsinclude Hodge Lifetime,OneFamily, more2life and LV=.
