Equity Release Schemes at a Glance

There are a wide range of equity release schemes available in the UK, making it important that you choose the right one for your personal circumstances, and our FREE equity release guide can help with that decision. The equity release schemes available are:

Lifetime Mortgages

A lifetime mortgage enables you to take out a loan secured against the value of your home in exchange for a cash lump sum. Typically, there are no monthly repayments to make. The loan, plus all interest accrued, is repaid in full when your property is sold.

Drawdown Lifetime Mortgages

A drawdown lifetime mortgage is similar to a lifetime mortgage, except this time you are able to take the cash in stages, as and when you need it. Interest is only charged on the amounts you draw down. Again, the loan and interest accrued are repaid in full when your property is sold.

Interest-only Lifetime Mortgages

An interest-only lifetime mortgage works on the same basis as a lifetime mortgage, however you are able to make regular payments on the interest accrued. This means you repay a smaller amount to the provider when your property is sold.

Home Reversion Plans

This type of plan involves you selling all or part of your property to an equity release provider in exchange for a cash lump sum, plus a lifetime lease to remain in your property.

Our FREE equity release guide gives you the full picture on equity release, including the different types of schemes, how all plans reduce the value of your estate and how your entitlement to state benefits may be affected.

This is an equity release plan. To understand the features and risks ask for a personalised illustration. Key's typical fee is 1.65% of the amount released, payable only on completion of a plan.