"All the worries and the stresses have gone now, we can just look forward to having a nice relaxing retirement.”
Based on 17,000+ reviews
Specialist advice personal to you
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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:
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
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
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
£899 advice fee only payable on completion
Use our free calculator
Find out how much tax-free cash you could release from your home now with our equity release calculator
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