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TMA adds Just to equity release panel

  • 04/12/2019
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TMA adds Just to equity release panel
The Mortgage Alliance (TMA) Club has added retirement lending solutions provider Just to its equity release panel.


Just is the fifth addition and joins Hodge Lifetime, OneFamily, More 2 Life and LV=.  

TMA members will have immediate access to the lender’s Just For You lifetime mortgage product which is available to retirees aged 55 and over, and gives borrowers the option to take a cash lump sum or release cash as and when needed from a pre-agreed facility.  

Clients are also able to move onto an interest roll-up option after starting with interest serviced. 

Lisa Martin, development director at TMA, said: “We have seen the lifestyle options and priorities of both over 55s and retirees change over recent years. Advisers are therefore increasingly hearing from a growing number of older borrowers looking to make the most of the equity tied up in their homes.  

“We will continue to enhance the TMA proposition to make sure our members are equipped with a variety of solutions to support the growing numbers of later life borrowers, whether these be standard mortgages, retirement interest-only mortgages or equity release products.”  

TMA members’ clients will also benefit from no affordability checks and the option to make partial repayments, in addition to the following:   

  • Maximum loan value of £800,000 for both interest options in England, Wales and Scotland 
  • Starting loan values from £20,000 for the interest serviced option; £10,000 for the interest roll-up option 
  • Drawdown options available  
  • Cash facility available  
  • The option to take payment holidays  
  • Early repayment charges (ERCs) free partial repayments for customers who choose the interest roll-up option  
  • Transferal of the mortgage to a new property if the client moves during the term 

Stephen Lowe (pictured), group communications director at Just, added: “This is a major growth area as people turn to the wealth in their properties to better meet their lifestyle aspirations in retirement and to support other family members.  

“We look forward to working closely with TMA and the club’s adviser community to provide innovative lending solutions that will help more homeowners make the most of their property assets through their retirement years.” 

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