Record sales for Just Retirement

Robyn Hall

November 5, 2012

This is a 36.6% increase on the same period last year bringing total group sales to £455.5m.

Total sales are made up of £67.6m of equity release mortgage advances (+3.8%) and £387.9m of annuity sales (+44.6%).

Rodney Cook, chief executive of Just Retirement, said the group had witnessed strong growth in each of its core markets during the quarter one period.

He said: “The latest data published by the Equity Release Council would indicate a positive outlook for the equity release market as increasing numbers of customers are choosing to use some of the equity in their homes as a solution to top-up their monthly retirement income.”

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