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Able to retire and go on holiday
Michael and Carol worked in operating theatres, in excess of 60-70 hours a week. Understandably, after some time it began to take its toll, particularly on Michael’s health.
The couple were struggling to keep on top of debts, jobs around the house, and saving for retirement. So, without any clear solution, they faced working for many more years.
Michael said: “We found that it was getting more and more difficult but we never seemed to see an end to it.”
Equity release enabled Michael to cut down his hours straight away. After paying off their credit cards and mortgage they still had money left over to go on holiday.
“We’re able to retire in 10 weeks’ time which we’re both looking forward to,” said Carol. “I wouldn’t change anything at all, everything went absolutely smoothly.
Lifetime mortgage benefits
Your specialist equity release adviser will explain:
Drawbacks
Your equity release adviser will also outline the following important things to think about:
Things to consider
- All our equity release advice relates to Key lifetime mortgages only - a loan secured against your home
- The loan, plus compound interest, is typically repaid through the sale of the property when the last remaining applicant passes away or moves into long-term care
- Our fixed advice fee of £1,299 is only payable on completion
Page last updated: Thursday 14 July 2022