John and Kathleen -
“We had been mulling over downsizing for a while but always came back to the same problem – we love our home,” says John. “There are so many memories here. It’s where we raised our twin boys and it’s our family home.”
Then there are the financial costs and inconveniences of downsizing; estate agent, solicitors, removals and surveyor fees, getting the house ready and hosting any viewings.
John told us, “In the end, moving wasn’t something we felt we wanted to or could do. So, we started to look into equity release with a view to using the money to carry out some home improvements instead.”
The couple had paid off their mortgage but had some niggling credit card debt and a loan repayment. Keen to get their finances in order, they arranged an appointment with a Key adviser.
“The process flowed very smoothly,” says John. “Key delivered on everything it promised. When it came to valuing our home, we were very pleased with how much it had risen – it had jumped from £190,000 to £360,000. in ten years.”
Now, with double-glazed windows, a new porch, and the house rendered and coated, their monthly outgoings are down by nearly £900. John says, “We’re simply enjoying our retirement and looking forward to our future more than ever.”