Yours could help you in retirement
Live life how you want to live it
For many, their home is their greatest financial investment. It’s also the place that holds so many special memories, but what you may not realise is that it could be the key to ensuring you live a happy and fulfilled retirement.
You could tap into the value of your house
Downsizing may be one option, but equity release is a way to unlock tax-free cash from your home without having to move. A lifetime mortgage, the most popular type of equity release plan, is secured against your home just like a traditional mortgage, and is available to homeowners aged 55-95. The cash released can be used for various different reasons including holidays, home and garden improvements, paying off an outstanding mortgage, gifting to loved ones, and much more. However, you should always think carefully before securing a loan against your property. Unless you decide to go ahead, Key’s service is completely free of charge, as Key’s typical advice fee of 1.95% of the amount released would only be payable on completion of a plan.