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    • Friday 9:00am - 5:30pm
    • Saturday 9:00am - 5:00pm
    • Sunday Closed All Day
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      Key, Baines House,

      4 Midgery Court, Fulwood,

      Preston, PR2 9ZH

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Boost your later life finances

See how unlocking some of your property wealth could help you make the most of your retirement

  • Calculate how much equity you could release

  • Clear your existing mortgage

  • We'll explain the benefits, risks and costs of equity release

Use our free equity release calculator to see how much you could release

Calculate now

Take control of your later life finances

We believe later life is for the opportunities yet to be discovered, the horizons yet to be explored, and the memories yet to be made. Whether you want to clear existing debts, help out family, stay in the home you love or simply boost your retirement finances, our specialist mortgages and advice could help you live the later life you deserve.

Equity release

Equity release allows homeowners to unlock tax-free cash from the value of their home. At Key, the type of equity release we offer is a lifetime mortgage which is a loan secured against your home. Our range of plans enable you to personalise the features and protections so you could unlock a better later life.


We offer a range of residential mortgages, a loan secured against your home, designed for people aged 55 or over. Whether you’re looking to remortgage, release additional funds or even buy a new home, there could be a retirement interest-only mortgage or capital and interest repayment mortgage that works for you.

Wills & LPAs

Through our wills and lasting powers of attorney service, you can take control of your future and beyond, and ensure those around you know exactly what you want. You can take comfort in knowing your affairs are in order and concentrate on enjoying your later life.

 Your home may be repossessed if you do not keep up repayments on your residential mortgage. £1,299 advice fee only payable on completion of a lifetime mortgage or retirement residential mortgage through Key.

Our promise

We take the time to understand your needs before making a recommendation that’s personal to you. We always act in your best interests, and if our later life products aren’t right for you, we’ll tell you.

Find out more about us

Live the later life you want

At Key, we believe your later life should be lived the way you want it. But we understand that means different things for different people. Equity release, for example, is a complex product with a lifetime commitment so may not be right for everybody. Our specialist equity release advice, which relates to Key lifetime mortgages only, is always personal to you. This helps us find the right later life product to meet your needs.

Pay off your existing mortgage and debts

Repay your existing mortgage and debts for financial peace of mind in later life. With a lifetime mortgage, there are usually no monthly repayments to make, as 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. However, you should always think carefully before securing a loan against your home to repay existing debt.

Help your family when they need it most

From helping a loved one get onto the property ladder, contributing to university fees or even getting a grandchild onto the road with their first car, we’d all like to be able to help those we care about.

Boost your later life finances

Whether you need a cash lump sum or would like smaller amounts over time following an initial release, a Key lifetime mortgage allows you to choose what works for you to help put you in control of your finances.

Stay in the home you love

From transforming your bathroom into a wet room to installing a stair lift, by unlocking tax-free cash with a Key lifetime mortgage, you can make the changes you need to help stay in the home you love for as long as you choose.

Equity release benefits

Your specialist equity release adviser will explain:

  • You can unlock cash from your home, tax-free, to help meet your needs in later life
  • You’ll always retain full ownership of your home and can stay in it for as long as you wish with a Key lifetime mortgage
  • You can choose to make reduced or no monthly repayments to suit your circumstances
  • You’ll never owe more than your home’s worth with a Key lifetime mortgage
  • You may be able to remortgage your plan in the future to release further funds or secure a better interest rate, although this isn’t guaranteed and may be subject to early repayment charges

Equity release drawbacks

Your equity release adviser will also outline the following important things to think about:

  • A lifetime mortgage is a loan secured against your home and subject to compound interest, meaning the amount you owe can grow quickly
  • Equity release will reduce the value of your estate and may affect your entitlement to means-tested benefits
  • Equity release may leave you with limited or no property equity remaining
  • Equity release will reduce your financial options in the future
  • A lifetime mortgage is a long-term financial product and is not designed to be fully repaid until the death or entry into long-term care of the last remaining borrower, otherwise early repayment charges may apply

Your other options

Here are some alternatives that may be more suitable for you:

Equity release costs

Here are some guides to help you understand equity release costs:

ⓘ If another product is more suitable, we'll refer you to a different adviser within Key Group who can help. If you go ahead, you'll only be charged the same £1,299 advice fee you'd pay with us, even if their fee is usually higher.

Why Key Later Life Finance?


We have more than 25 years' experience helping over 55s with tailored financial advice on a range of later life products designed specifically to help you unlock some of the wealth tied up in your home and help take control of your finances.


Our expert advisers take the time to understand your needs before making a recommendation that’s personal to you. We always act in your best interests, and if our later life mortgage products aren’t right for you, we’ll tell you.


We'll give you all the information you need to make smart, well-informed decisions about your later life finances in your own time. And if you choose to go ahead, your personal case handler will support you throughout the process, answering any questions and overseeing all the paperwork.

You're in safe hands

All of our plans meet the Equity Release Council standards.

With our plans:

  • You have the right to remain in your home for as long as you choose, or until you move into full time residential care
  • You have the freedom to move to another property without an early repayment charge (subject to criteria)
  • You will never owe more than the value of your home with the no negative equity guarantee

Key are proudly rated 5 stars on Trustpilot by over 16,000 of our customers

Here to help when you're ready

Use our free calculator

Find out how much tax-free cash you could release from your home now with our equity release calculator

Speak to an adviser

Book an appointment with a specialist equity release adviser at a time that's good for you

Not sure what product is right for you?

To release equity from your home, this typically involves taking out a form of mortgage product. Our later life mortgage finder helps you consider your options
Page last updated: Friday 08 December 2023