John and Kath­leen -

YOURS (UK) - - Yours Retirement Services -

“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.”

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