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Just Retirement sees 17% uplift in equity release sales

Just Retirement saw a 17.5% increase in equity release mortgage advances in the three months to March 2012, up to £68.6m.

Overall, its group sales totalled £381.8m, up 31.7% compared to the same period last year.

While it saw annuities sales of £313.2m, an increase of 35.2% on the same time last year.

Rodney Cook, chief executive officer of Just Retirement, says: “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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Marketwatch – May 2012

I had an excellent couple of days at The Strategy Summit, organised by Mortgage Strategy discussing the Mortgage Market Review and the issue of advice, European regulation and the future of buy-to-let – don’t worry, it’s rosy.

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