Just Retirement cuts lifetime mortgage rate

Steve Lowe, external affairs and customer insight director at Just Retirement, said: “We are pleased to announce a rate reduction for the roll up lifetime mortgage, which makes our equity release product more attractive to IFAs and their clients.

“With food bills, energy costs and inflation on the rise now may be the right time for advisers to consider equity release products for their clients as a way to top up their retirement income.

“We believe that equity release market will expand significantly in coming years such that thousands more individuals may attain the lifestyle improvements that equity release provides to increasing numbers of retirees today.”