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Michael and Carol

64 & 63, approaching retirement

"All the worries and the stresses have gone now, we can just look forward to having a nice relaxing retirement.”

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.”

Things to consider

Your specialist equity release adviser will explain:

  • You have to get advice before releasing tax-free cash from your home - please read all our information and make sure it’s right for you
  • Key Equity Release offer lifetime mortgages only, which is a loan secured against your home. It will reduce the value of your estate and may affect your entitlement to means-tested benefits
  • All of our plans meet the Equity Release Council standards and come with several protections, including the no negative equity guarantee, which means you’ll never owe more than your home’s value
  • All our equity release advice relates to our range of Key branded products only, and our fixed advice fee of £599 is only payable on completion
  • You should always think carefully before securing a loan against your home
Page last updated: Wednesday 05 January 2022