Clear, fair and balanced
If you take out equity release with Key you will be in safe hands. As an advisory service, we are regulated by the Financial Conduct Authority (FCA), which means you are provided with protection and security and, if need be, access to compensation schemes.
The FCA stipulates that all promotions must be clear, fair, balanced and not misleading. Choosing between plans must be made as simple as possible as information has to be given in such a way that you can compare details.
Your rights and guarantees
For additional safeguarding, Key is a member of the Equity Release Council (ERC), and recommends ERC-approved plans, which offer a number of important guarantees, including:
- a no negative equity guarantee ,meaning you will never owe more than the value of your home
- the right to stay in your home for life
- the right to move home should you wish to, subject to lender criteria, without financial penalty
This all means that when it comes to Key, you can rest assured that any comments you may hear about equity release being a ‘scam’ or a ‘rip-off’ are unfounded. In fact for many people, equity release helps them enjoy a better, more financially secure and fulfilling retirement.
Value for money
Key is not tied to any lenders and will search the whole of market to find the best deal and plan to suit your individual needs. Your adviser will provide you with an illustrative example of costs for the plan they recommend. You'll get a chance to discuss these costs up front, with absolutely no obligation to proceed.
Good advice is Key
Equity release isn’t the right solution for everyone, and advice from a specialist equity release adviser is vital so you know what you’re going ahead with. Key’s qualified, expert advisers can equip you with all the information you need to make a decision. And if equity release is not right for you, we’ll tell you.