Opening Hours

Open at 9:00am today

Opening Hours

  • Monday - Thursday

    9:00am - 8:00pm

  • Friday

    9:00am - 5:30pm

  • Saturday

    9:00am - 5:00pm

  • Sunday

    Closed All Day

Our Address

Key, Baines House,

4 Midgery Court, Fulwood,

Preston, PR2 9ZH


0800 531 6027

Are there monthly repayments?

Monthly loan repayments can be a huge burden, but with equity release there is no need to worry. People often choose to use it to pay off existing debt and reduce their household’s monthly expenditure. You do not have to make monthly repayments as with a lifetime mortgage, the most popular type of plan, the loan plus roll-up interest will typically be repaid when the plan comes to an end.

Typically there are no monthly repayments with equity release, which means you can rebalance your household budget much more effectively than with other loans. With a lifetime mortgage, the most popular type of plan, the loan plus roll-up interest will typically be repaid when the plan comes to an end. This means that the loan plus accrued interest is repaid after you and your partner have either passed away or moved into long-term care, using funds from the sale of your home. Any remaining proceeds from the property sale will form part of your estate.

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Is equity release right for you?

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Good advice is Key

All of these options can be talked through in detail with your Key adviser, who will find out what’s important to you, and recommend the best plan to meet the individual needs of you and your family.

Want to know more?

Get all the facts about equity release by downloading our FREE guide to read straight away. Plus, we'll post one out for you to browse at your leisure. 
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Our independent, specialist advisers search the whole market to find the right equity release plan for you. They’ll explain all the options available and that taking a plan reduces the value of your estate and may affect any means-tested benefits you’re eligible for.

You have to get specialist advice before releasing equity; it’s the only way to do it. The initial consultation we give is free with no obligation to proceed. If you decide to go ahead with an equity release plan our advice fee, usually 1.99% of the amount released, subject to a minimum of £1,499, is payable only on completion.
With a lifetime mortgage, the most popular form of equity release, you’ll still own your home.  As with any kind of mortgage, it’s a loan secured against your home. All equity release plans we recommend have a no negative equity guarantee, which means you’ll never owe more than the value of your home.

Lifetime mortgages typically have no monthly repayments, as the loan plus roll up interest, is repaid when the plan comes to an end.   You should always listen to advice and give full consideration before securing a loan against your home.