Our advisers are there to help you make an informed decision and will tell you straight away if equity release isn’t the right option for you.

So book your appointment today with your local equity release adviser. At this appointment you can learn more about equity release and find out whether it is in fact the right option for you. Like with anything we do at Key, there is never any pressure to proceed and as this appointment is completely free of charge, you literally have nothing to lose.

Some points for you to consider before you take out an equity release plan:

• Releasing equity from your home is a lifetime commitment, with the loan only expected to be repaid when your home is sold, usually when you and your partner (if applicable) pass away or move into long-term care. If you do decide to pay the loan back early, early repayment charges may apply.
• Equity release may affect your entitlement to means-tested benefits and could affect your tax position. Our expert equity release advisers can find out what effect, if any, it would have to help you find the best solution for you.
• All equity release plans will reduce the value of your estate. We advise that you involve your family throughout the whole process so you can discuss your plans with them. We encourage you to invite your family members to attend your free no-obligation appointment as an opportunity for them to ask any questions that they may have.
• Many people don’t wish to uproot from their family home and deal with the hassle and expense of moving. However, downsizing may be an option for you if you need extra cash and don’t mind moving house.
• Asking your family for money is difficult for many. However, it may be the case that your family could help your cash flow during your retirement years if you are in need.
• There are other forms of borrowing, for example a loan or traditional mortgage, however you need to make sure that you are able to meet the monthly repayments. With a lifetime mortgage there are typically no monthly payments to make, with the loan plus all interest accrued paid when your home is sold. With a home reversion plan the percentage of the property you sold reverts back to your plan provider. This usually happens when you and your partner pass away or move into long term care.
• You could use other money you may be able to access such as savings or investments. Many people are worried about delving into this cash as the money has been saved to pass on as an inheritance to their loved ones or seen as an emergency fund should it ever be needed.
• At Key we recommend that you consider Equity Release Council approved plans. This means that you will never fall into negative equity, are able to stay in your home for life and move to another property (subject to provider criteria).
• Think carefully before securing other debts against your home.
• Lifetime mortgages accrue compound interest and the amount you owe can grow quite quickly. Our equity release advisers can help you understand how it works before you make any decision.
• Key Retirement Solutions offer a full advice and recommendation service to ensure you get the best plan possible. Unless you decide to go ahead, our service is completely free of charge, as our typical advice fee of 1.65% of the amount released would only be payable on completion of a plan. Book your appointment today!

This is an equity release plan. To understand the features and risks ask for a personalised illustration.