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Just Retirement does £68.6m equity release

Just Retirement completed £68.6m of equity release mortgage advances over the nine months to 31st March 2012 - up 17.5% on the same period a year ago.

Sarah Davidson, 8 May, 2012

The lender also announced record total group sales of £381.8m up 31.7% and annuities sales of £313.2m - an increase of 35.2%.

Rodney Cook, chief executive officer of Just Retirement, said: "Just Retirement sales results for the 3rd quarter ending 31 March 2012 are the highest since the business was formed.

"Total Group sales for the quarter increased by over 31% compared to the previous year and by over 32% for the 9 month period.

"Sales for the Group in 2012 show an upward trend for both products and we expect to maintain a competitive position in both markets to enhance our market leading position."

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