Opening Hours

Open until 8:00pm 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

UK FREEPHONE

0800 531 6027

Portable plans

A common misconception about equity release is that you won’t be able to move home once you’ve unlocked your tax-free cash from it. In fact, with our plans, you can, subject to certain criteria.

Our customers often take out equity release so they can stay in their family home rather than move to a smaller one. Then the debt is paid off when they pass away or go into long term care.

However, we never know what’s around the corner. You may find in the future that you need to move to a more accessible home, or a less expensive one, or just want to move to a new area. That’s why plans approved by the Equity Release Council will guarantee you the right to move your plan to a new property.

This means you have the freedom to sell your house and transfer the debt to your new one, providing it meets the lender’s criteria.

If the new property is worth less than your old one, then you may still be able to move and take your plan with you - providing you repay some of the equity release debt.


Downsizing protection


By choosing a plan with downsizing protection, you can pay off the outstanding debt before the end of its term without paying an early repayment charge.

So if, for whatever reason, you want or need to move into another home that isn't acceptable to the lender, typically after five years of taking out a lifetime mortgage, you can pay the loan back early without incurring an early repayment charge. Without downsizing protection you may still be able to move, however, it's important to note you may incur an early repayment charge if you choose to repay your loan early.


Peace of mind


Talking through all of the options available with your equity release adviser before going ahead will give you peace of mind that if your circumstances were to change for health or family reasons, you’ll be able to adjust your home arrangements accordingly.

All of our equity release advice is unique to you and your needs, delivered by fully-qualified specialists and free of charge.

Key have helped more than 1 million people decide if equity release is right for them, and we’ll always do what’s right for you.

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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
  • A lifetime mortgage, which is a loan secured against your property, is the most popular form of equity release and you’ll retain full ownership of your home
  • All of our plans are approved by the Equity Release Council and come with several protections, including the no negative equity guarantee, which means you’ll never owe more than your home’s value
  • Equity release reduces your estate's value and may affect any means-tested benefits you're eligible for