What can you expect from Key Equity Release?
KEY Equity Release plans offEr A rAnGE oF FEAturEs AnD BEnEfits – wHEtHEr you’rE lookInG For low rAtEs, HIGH loAn Amounts or flExIBlE FEAturEs, tHEy HAvE It CovErED. IF EquIty rElEAsE Is rIGHt For you, your KEy EquIty RElEAsE ADvIsEr wIll sEArCH tHE proDuCt rAnGE tHEy HAvE CrEAtED usInG KEy’s 20 yEArs’ ExpErIEnCE. THIs mEAns tHAt you CAn BE ConfiDEnt your pErsonAlIsED rECommEnDAtIon wIll mEEt your nEEDs. AnD rEmEmBEr, KEy EquIty RElEAsE wIll nEvEr CHArGE you For tHEIr ADvICE.
All of Key Equity Release’s plans include a no negative equity guarantee, meaning that you will never owe more than your home is worth. It’s possible to release just a lump sum or an initial amount followed by further funds that you can draw down if you need to in the future. You’ll only pay interest on the money you’ve released.
With a Key Equity Release lifetime mortgage, they can also guarantee a plan with no monthly repayments, freeing you up to spend your income on the things that matter to you.
THIs Is BECAusE A lIFEtImE mortGAGE Is A loAn sECurED AGAInst your HomE, AnD typICAlly, unlEss you DECIDE otHErwIsE, tHErE ArE no montHly rEpAymEnts to mAkE. THE loAn plus roll-up IntErEst Is rEpAID wHEn tHE plAn ComEs to An EnD FollowInG DEAtH or Entry Into lonG-tErm CArE.
With Key Equity Release plans, you will always own your home and with some plans they can even guarantee that you can leave an inheritance to your loved ones if you wish. This is known as inheritance protection, and works by allowing you to ring-fence a percentage of the future value of your home, which can be left to your loved ones when the plan comes to an end.
It’s also cheaper than you might think with equity release interest rates being lower than they have been for years.
REmEmBEr tHAt EquIty rElEAsE wIll rEDuCE tHE vAluE oF your EstAtE AnD mAy AffECt your EntItlEmEnt to mEAns-tEstED BEnEfits.