free cash: ‘It’s
complicated’
WHY CHOOSE KEY...
Key provides advice
on equity release,
which is regulated by
the FCA, and will work
to find a plan to suit
your specific needs.Key is a member
of the Equity Release
Council (ERC), and
recommends ERC-
approved plans that
come with no negative
equity guarantee.A dedicated case
handler will answer all
your questions, and
will see your case
through to completion.Key offers advice
that is personal to you,
and in your own home.All Key equity
release advisers have
specialist equity
release qualifications.Unless you decide
to go ahead, Key’s
service is free of
charge, as the usual
advice fee of 1.99 per
cent of the amount
released is payable
only on completion
of a plan, subject to
a minimum advice
fee of £1,499.Case studies posed by models■ Equity release is available to
homeowners aged 55 and over,
and with a lifetime mortgage you
will continue to own your home.
■ You can be working or retired,
single or married.
■ Plenty of people use equity release
money to help pay off existing
mortgages or other debts.
■ Equity release funds are tax
free and you can spend them
on anything you choose.
■ You can release up to 55 per cent
of the value of your home, though
the exact amount paid will depend
on your personal circumstances,
including your property’s value,
and your age and health.
■ With the most common type of
equity release, the lifetime
mortgage, typically you won’t
won’t have to make any monthly
repayments. The loan plus
rolled-up interest is repaid when
the plan comes to an end.
■ Key will always work with
independent solicitors and
surveyors during the equity
release process, giving you
peace of mind.
■ Equity release will reduce the
value of your estate and can
affect your entitlement to
means-tested benefits. That’s why
Key suggests, where appropriate,
adult children should come along
to any meetings about future
financial planning and be part of
the decision-making process.
■ If you want to be sure of leaving
your children an inheritance,
just ask your Key adviser.
Some plans guarantee that a
set proportion of your home’s
future value is protected.
■ The FREE equity release guide
from Key can explain much
more. Get your copy by calling
0800 408 7169.
EQUITY
RELEASE
EXPLAINED
“
From my first callto Key, they have
been helpful,
efficient, pleasant
and professional.
My adviser
offered a plan
that met my
needs perfectly
MAGGY R, TRUSTPILOT