We didn’t want to leave our home to help pay for our retirement

The retirement you want can often be at odds with your income, that’s why, increasingly, homeowners over 55 are turning to equity release to unlock some of the tax-free cash from their homes. Last year, Key customers had access to an average of £90,000, allowing them to pay for holidays, make home improvements, clear existing debts or make gifts to loved ones.

How can I take the next step?

First work out whether equity release is right for you. Key’s expert advisers take time to understand your needs and if equity release isn’t right for you, they’ll tell you. Key offer appointments in the comfort of your home, so you can involve your family if you wish as equity release will reduce the value of your estate and may affect your entitlement to means-tested benefits.

There’s no pressure to go ahead, you should always think carefully before securing a loan against your home.

Your adviser will give you all you need to make an informed decision. They’ll explain that Key’s plans involve a lifetime mortgage, the most popular form of equity release, which is a loan secured against your home. Typically there are no monthly repayments as the loan plus roll-up interest is repaid when the plan comes to an end. You will always own your home and the plans come with a no-negative equity guarantee, meaning you’ll never owe more than your home is worth.

All of Key Equity Release’s advice relates to their range of Key branded products and is completely free of charge. So you can find out if it’s right for you without it costing you a penny.