Release cash from your home for a better retirement
If you’re getting close to retirement, or have already retired, but finances are holding you back from enjoying the freedom you’ve been looking forward to, equity release could be the solution.
Whether it’s existing debt, day-to-day living expenses, or needing a lump sum for home improvements, holidays or helping family, many find their pension is not providing the income they hoped to have in retirement.
Freedom from financial worries
While the key to financial stability could well be unlocking the cash in your home, knowing where to start can seem daunting and complicated, therefore it’s vital to take good, independent, advice.
Equity Release could involve a lifetime mortgage, which is a loan secured against your home. It will reduce the value of your estate and may affect your entitlement to means-tested benefits.
You should always think carefully before securing a loan against your home.
There are typically no monthly repayments to make, as the loan plus compound interest is repaid when the plan comes to an end. This leaves you free to relax in retirement, without worrying about having to make monthly repayments.
There are many options to consider to ensure you’re getting the plan that’s most beneficial for your individual needs, and the one that allows you to take control of your finances – and life. That’s where Key comes in, so don’t heisitate to get in touch.
Find out if equity release is right for you by requesting your FREE Yours guide to unlocking the cash from your home, produced in partnership with the UK’s No1 independent equity release specialist, Key.