With immediate effect Just Retirement, the Equity Release lender, has reduced their rates from 6.79% to 6.59%.

With this in mind Just Retirement now become one of the lowest rates in the Drawdown Equity Release market.

This decrease comes at the same time as Prudential leaving the market, as we mentioned last year. Its a postive and bold move from Just Retirement, and is going some way to redressing the down turn we saw last year in interest rates in general.

Currently, we can also claim for our clients a cashback amount of £450. This will definitely help towards the setup costs of a new Equity Release scheme.

Tags: Drawdown, equity release, Just Retirement, Prudential, rates

This entry was posted on Monday, January 4th, 2010 at 10:10 and is filed under Industry News. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.