Just Retirement equity release up 55pc

The equity release provider reported £137.7m of equity release advances in the second half of 2011, an 18.2% increase from the second half of 2010.

Rodney Cook, chief executive officer of Just Retirement, said: “Just Retirement experienced strong growth in equity release mortgage advances.

“We continue to believe this market has significant growth potential as consumers seek to identify additional options to top up their retirement income.

“We’re well positioned to benefit from the changes taking place in the retirement income market due to our continued investment in product and service innovations for financial intermediaries and their clients.”