Unlock the value in your home

...and make the most of your retirement years

People often turn to downsizing to free-up some cash when they find themselves falling short in later life. The truth is, downsizing is not always the answer! The cost of moving could add up to a whopping £25,000* with expenses including stamp duty, legal costs and estate agency fees. Although downsizing is an option, a lifetime mortgage, the most popular type of equity release plan, allows homeowners aged between 55 and 95 to release tax-free cash from the value of their home without having to move. There are typically no monthly repayments to make, as the loan, plus roll up interest, is repaid when the plan comes to an end. Just like a traditional mortgage, a lifetime mortgage is secured against your home. Equity release will reduce the value of your estate and may affect your entitlement to means-tested benefits. Find out if equity release is right for you – request a FREE Yours Guide to unlocking the cash from your home, in partnership with the UK’s No.1 Independent equity release specialist, Key Retirement. 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. “I came across Key Retirement in Yours magazine and decided to give them a call to book an appointment. “The gentleman who came to visit me was very helpful – he talked me through everything and listened to my concerns, answering all my questions. “I have lived in my house for many years and didn’t want to move. I looked into downsizing but found it too expensive and there wasn’t a lot of difference in size. I’m happy to stay in my home; I love my house and I have wonderful neighbours.” With the money released, Mrs Harrison paid off her interest-only mortgage and made some home improvements. “The money has made a huge difference to my life – it’s allowed me to stay in my home of 24 years.”