‘My existing debts and existing mortgage were a paid off in full with money from equity release’

You can get much more detailed information on how equity release works by asking for the guide written by Key – free copies are available on 0808 252 4544.

WITH summer just around the corner, former coach driver John Lee is preparing to spend most of his time gardening. If it rains, he’ll move indoors, to do some DIY on the family house he’s loved FOr DECADEs. I’vE fiNALLy cleared all my credit card and other debts. I’ve never felt happier,’ sAys CArDIff-BAsED John, 59.

But just one year ago, John’s situation was very different. ‘I was finding it hard to get work due to disability, I owed a lot on credit cards and I had no idea how I could clear my existing mortgage,’ he says. At one point John thought of selling his house and renting for the rest of his life.

That was when a leaflet from equity release specialist Key landed on the doormat of his £220,000 Pontypridd home.

‘It said you can release money from your home without selling up – and you can stay there for as long as you want. It was exactly what I needed.’

John rang the number on the leaflet and an adviser from Key came round to explain his options.

‘The plan that he recommended gave me about £47,000 – and the money was there sooner than I thought. It was enough to clear my existing mortgage in full, pay off my credit cards and allow me to do everything I’d been putting off around the house.’

As the interest on his equity release scheme simply rolls up, John has no new monthly bills to pay. ‘Sometimes taking just one step is all you need to change your life,’ he says. ‘For me, the first step was to call the number on the equity release leaflet. Since then, everything’s changed for the better.’

You can release money from your home without selling up – and you can stay there for as long as you want. It was exactly what I needed John Lee, Pontypridd