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We understand it’s important you have all the information you need about equity release to make an informed decision in your own time. But rest assured, if equity release isn’t right for you, we’ll tell you.
Equity release overview
Equity release is fully regulated by the Financial Conduct Authority (FCA) - all of our plans meet the Equity Release Council standards, offering additional protection.
Equity release plans meet the Equity Release Council standards to protect your loved ones from negative equity. Your adviser can personalise your equity release plan to guarantee an inheritance if you require this.
You need advice
Equity release is a big financial decision. The only way to be sure that it's right for you is to speak to an equity release adviser. In fact, it’s a regulatory requirement set out by the FCA. Our fully-qualified equity release advisers offer expert advice. And if equity release isn’t right for you, they’ll tell you.
What should you consider before going ahead?
Our fully-qualified, specialist equity release advisers take the time to understand your needs, ensuring they find and recommend the right outcome for you. They’ll talk through the options available and explain that taking a plan reduces the value of your estate and may affect any means-tested benefits you’re eligible for.
Your application won’t be considered without specialist equity release advice. We understand that when you’re considering equity release there’s a lot to think about, which is why there's no pressure to proceed.
With a lifetime mortgage, the most popular form of equity release, you’ll still own your home and there are typically no monthly repayments. That’s because it’s a loan secured against your property and repaid when your plan comes to an end. Usually, that’s when you, or the last remaining applicant, either passes away or enters long-term care. You should always think carefully before securing a loan against your home.
All of our equity release plans meet the Equity Release Council standards and come with the no negative equity guarantee. This means you’ll never owe more than the value of your home and any debt you accrue through equity release will never be passed on to your family.
Our expert equity release advisers will also help you to understand how the roll-up or compound interest on a lifetime mortgage adds up. You could access annual interest rates from as low as 3.76% fixed for life with us. Most Key Equity Release customers have received a fixed annual interest rate of 3.70% or lower. The overall cost for comparison is 3.89% APR.*
All of the cash you unlock through equity release is tax-free and you can spend it in a variety of ways.
Equity release may affect your tax position.
*Lowest available rate correct as of 4 May 2022. All other stated rates correct as of 4 May 2022. Interest rate received and plan features are subject to eligibility. Ask for a personal illustration.
Other options we offer
Aside from lifetime mortgages – the most popular form of equity release – we offer other later-life financial options which may be better suited to you.
Available for everyone aged 18 and over, subject to lending criteria
Get a mortgage of up to 95% of the property’s value
Can be capital repayment or interest-only depending on your preference and circumstances