Scottish Daily Mail

BOOST FUNDS, UPDATE YOUR HOME, TAKE A DREAM TRIP...

What would YOU do with a tax-free lump sum from equity release?

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LAST year, Key’s customers across the country had access to an average of £86,000 in tax-free cash. It can be a life-changing amount of money – but what do customers do with it? Key decided to ask them.

IN THE FIRST HALF OF 2019, JUST OVER six people in ten used equity release money for home or garden improvemen­ts, often to future-proof homes with items such as better heating or insulation or new ensuite bathrooms to make life easier as the years go by.

Two customers in ten told Key that they used some or all of the money to clear existing mortgages, while three in ten repaid other existing debts. Key found a generous 28 PER CENT OF THOSE WHO REPLIED said they used some of the money to give gifts to children or grandchild­ren*. Often this money helps younger generation­s put down A DEPOSIT ON THEIR FIRST HOME, PAY FOR a wedding, or university fees.

Dream holidays like world cruises, new cars or the chance TO ENJOY HOBBIES ARE ALSO WITHIN reach if you have some tax-free money from equity release in your bank account.

With equity release, you are in CONTROL OF YOUR FINANCES: IT REALLY is up to you what you do with the money you release from your home.

BUT DON’T JUST DREAM ABOUT IT. See if it could work for you by picking up the phone and making a simple, free phone call to Key ON 0800 408 7169. ITS FRIENDLY, QUALIFIED STAFF HAVE ALREADY HELPED more than a million people decide if equity release is right for them. They can do the same for you.

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