New equity release advice service from Just Retirement

The specialist retirement company, Just Retirement, is to launch a new multi-tied advisory service. Just Retirement Solutions will offer advice to retirees considering releasing equity from their property.

The company will advise on lifetime mortgages and home reversion plans to provide lump sums, drawdown or income dependent on client needs. The new company forms part of Just Retirement Group’s dedication to increasing the advice on offer to consumers in this complex area.

Just Retirement Solutions will not market direct to customers and will not have a presence on the high street. It will work with a chosen number of introducers such as similar groups and other financial services organisations to handle enquiries arising from members and customers. Customers will be offered full advice based on their personal situation and can either deal with someone by telephone or face-to-face.

A spokesperson for Just Retirement commented that there is limited advice on this subject and they are keen to help develop awareness of the benefits of equity release. It is crucial that Just Retirement help Independent Financial Advisers develop the ability to advise on equity release.

Equity release gives people access to the value they have built up in their home for their own use and is a choice for many looking to maintain or create a better lifestyle or to meet an unexpected financial need.

Recent research from Norwich Union said those aged 60 and above have a collective £841 billion tied up in their properties. If the equity in these properties is released, it could significantly ease the financial burden.

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