"We borrowed enough to do what we wanted to do and still have a little pot available for emergencies…and for any little extras…"
Peace of mind
Being self-employed meant the Edgars were asset rich and cash poor, and once they retired there were no funds to spend on home repairs and upgrades or go on holiday.
Opting for a lifetime mortgage enabled them to decorate their home, buy furniture and carpets, and invest in a new car – as well as plan holidays.
The couple were pleased with both Key and their adviser. Peter said: “…we are very satisfied with what they’ve done for us…we would have no hesitation in saying go for it with Key.”
Your specialist equity release adviser will explain:
All our equity release advice relates to Key lifetime mortgages only - a loan secured against your home
Equity release will reduce your estate’s value and may affect your entitlement to means-tested benefits
A lifetime mortgage may result in limited or no property equity remaining and will reduce your financial options in the future
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: Friday 06 January 2023
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