Why is servicing lifetime mortgage interest so interesting?

By Lora Benson | May 13, 2019
The new Just For You Lifetime Mortgage includes the option to service monthly interest, it brings a reduction to the monthly interest rate and the potential for payment holidays.

Do you have clients aged 55 or over who need to borrow funds and have the ability to service the interest?

With interest only mortgages worth a total in excess of £102bn, they may be one of many approaching the end of their interest only mortgage term. Or they may require funds for lifestyle needs, home maintenance or a gift to family.

The Just For You Lifetime Mortgage and its interest serviced option could be the solution. It’s designed for clients used to making monthly repayments, or wanting to reduce the build-up of debt by paying some, or all of the interest each month. The features include:


  • A reduction to the roll-up interest rate, depending on the percentage of interest serviced
  • A payment holiday of up to three consecutive months each policy year
  • The option to service interest on additional borrowing.

Note: Taking out a lifetime mortgage to repay an existing mortgage or other debt may cost more in the long-term.

Download new infographic to see why servicing interest so interesting.

For more information please contact our support team on 0345 302 2287 or at support@wearejust.co.uk.

Just Retirement


Just is the new name for Partnership and Just Retirement. 

It’s an exciting new brand which represents the heritage, legacy, passion, purpose and vision of our new organisation. We’re rethinking retirement, and we’d love to start a new conversation about retirement with you.

Just is honest and moral with a strong social purpose. A beacon within financial services. We believe everyone deserves a fair, secure and fulfilling retirement, and that financial intermediaries are best placed to help people with the choices they need to make to achieve this. 

Just is a trading name of Just Retirement Limited, Just Retirement Money Limited, Partnership Life Assurance Company Limited and Partnership Home Loans Limited which are subsidiary companies of JRP Group plc. JRP Group plc was formed by the merger between Just Retirement Group and Partnership Assurance Group in 2016. For more details about the JRP Group please visit: www.jrpgroup.com