Just Retirement lifts eq release loan limit to £600K

The limit on the initial loan was previously £250,000 but the provider increased this to £600,000 for clients in England from Monday 16 May. Steve Lowe, external affairs and consumer insight director at Just Retirement, said the increase is due to consumer demand. "We have been getting requests for larger loans," he said. "In the past six weeks, there has been a great deal more interest in the equity release market generally. "We think this is good as it will improve competition and raise the profile of the market." However, at the same time, Just Retirement reduced the maxim...