Just Lifetime Mortgage.

Just Lifetime Mortgage

The Just Lifetime Mortgage has the option of a cash lump sum or a drawdown to allow you to take further lump sums as and when you need them.

Minimum age – 55

Maximum age – no maximum 

Available to home owners over the age of 55 with no maximum age.

Cashback available – Yes

£1,000 on selected plans.

Drawdown available – Yes 

Medically enhanced plans available – Yes

Inheritance Protection available – No

Voluntary overpayments – Yes

Up to 10% of the initial loan amount can be made without penalty.  Minimum payments of £500 can be made up to 6 times per calendar year.

Early repayment charges 

Early repayment charges of up to 20% of the loan, depending on Gilt rates. Joint life mortgagees can repay the mortgage without penalty within 3 years of the clients passing away of the date Just are notified that one needs to enter a care home.


A Lifetime Mortgage allows you to release a tax free cash lump from your home to spend and use as and how you wish.  There are normally no repayments to make to the loan with the interest being added to the loan each month.  The interest rate is normally fixed for the life of the loan and the loan is only repayable when the property is sold, which normally happens when you die or go in to long term care.  In the case of joint applicants this normally happens when the second applicant dies or goes in to long term care.

Please contact us to today for more information on the Just Lifetime Mortgage.  We are completely independent Equity Release advisers and will recommend a plan from a provider that suits you best.  We will compare all providers in the Equity Release market to ensure the plan we recommend meets your personal requirements.