Just equity release review 2024

*Updated May 2024*

Latest Just lifetime mortgage interest rates

Provider MER Type Product How much cash could you release?
Just 5.65% Fixed Drawdown Calculate Now
Just 5.65% Fixed Lump sum Calculate Now

Rates correct at 5th May 2024.  Lowest rate 5.45% MER deal through Age Partnership when you use our equity release calculator.

Who is the Just Group?

just equity release reviewsThe Just Group (formerly Just Retirement) is one of the UK’s leading providers of retirement products, including savings, pensions, annuities and investments.  Having launched equity release in 2005, Just now has over 100,000 customers who between them have released more than £4 billion of equity. In 2022, Just received 5 stars in the 'Mortgages' category at the Financial Adviser Service Awards for the 15th year running as well as being selected for Company of the Year. Just won the Mortgage Solutions 2023 awards for Best Provider for adviser training and development.

A note from our expert, Ashley:

This Just equity release review forms part of a series of equity release reviews looking at the main providers in the market. We’ve created these quick and simple summaries to help you compare the types of plan on offer and decide whether equity release might be right for you.

Is Just a member of the Equity Release Council?

Just is a member of the Equity Release Council and is also regulated by the Financial Conduct Authority reference no. 232595, so its customers are protected by the rules and guiding principles of both these organisations.

Just’s equity release advice service

Just lifetime mortgages are only available through professional advisers, rather than directly.  Just recommend speaking to an independent financial adviser or to HUB Financial Solutions, which is part of the Just Group. Hub is an equity release advice service that compares and advises on schemes from a select group of companies including Aviva, L&G and One Family as well as Just’s own lifetime mortgages.

Does Just do lifetime mortgages?

Yes, the Just For You lifetime mortgage allows you to release a one off lump sum. You also have the option to pay some or all of the monthly interest to help reduce the overall cost of the loan. 

Main features of the Just For You lifetime mortgage range:

  • If you’d like to make monthly payments, you can choose to do so when you apply. Most Just For You Lifetime Mortgages allow you to pay between £25 and 100% of the monthly interest.
  • The minimum you can release if you don’t make monthly payments is £10,000, rising to £20,000 if you do.
  • The maximum cash facility is £800,000 for customers in England, Wales and Scotland, and £250,000 for Northern Ireland.
  • The ‘no-negative-equity’ guarantee ensures you will never owe more than you release and won’t pass on debt to your estate.
  • If you want to move home you may be able to transfer your lifetime mortgage provided Just find your new property acceptable.
  • If you are making monthly payments and want to pay off your mortgage early, you can make partial repayments, however you may incur an early repayment charge.
  • If you are not making monthly repayments, you can pay off some of your mortgage without having to pay an early repayment charge.

Eligibility criteria

Your eligibility for a Just For You lifetime mortgage ultimately depends on the options you choose, but as a minimum, you need to meet the following criteria:

  • Be 55 or over. In the case of a joint mortgage the youngest applicant must be at least 55 years old.
  • Own a property in the UK that is your main home.
  • This property must be worth over £70,000 and meet certain conditions. Your financial adviser can check these for you.
  • Be mortgage-free or only have a small amount left to pay. The remaining mortgage will have to be fully paid off from the money you release.

Next steps

To compare equity release companies or find out how much equity you could release from your property, use our free easy to use calculator

You should always discuss your plans with your family and seek professional advice before making a decision. However, please remember that some advisers only look at one or two companies’ equity release schemes, and these may not present the right solution for your circumstances and financial situation.  To receive advice on plans and providers across a wider range of equity release providers, call 0800 368 8466 to speak to a specialist adviser at Age Partnership.

And finally, please do investigate alternatives to equity release and make sure you fully understand what you are committing to, before applying for a lifetime mortgage.

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Ways to contact us

Call 08001337380
Call 0800 368 8466
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Our aim is to provide you with clear and accurate information to help you research your chosen financial products and services. The material on this site is for general information only and does not constitute any form of advice or recommendation.

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Simply Equity Release is a member of the Equity Release Council and part of the Over50choices Group who is regulated by the FCA (No.5954280) for insurance products.