Strong equity release sales at Just Retirement

Equity release expert Just Retirement has posted improved sales for the three- and nine-month periods ended March 31.

Total sales grew 6.3% during the third quarter to £290 million compared with the prior-year period. Sales for the nine-month period rose 9.2%.

Equity release mortgage advances were up 70.8% year-on-year to £58.4 million during the third quarter.

Rodney Cook, chief executive officer at Just Retirement, said: “These results continue to demonstrate the resilience of Just Retirement’s business model despite challenging market conditions.”

He added: “Just Retirement is well positioned to benefit from the changes taking place in the retirement market.

“We are securing additional distribution partnerships and have plans to bring further innovation to the market before the end of the year, which will help financial advisers and their clients as well as assisting Just Retirement to extend its market position.”