Opening Hours

Open at 9:00am on Monday

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


0808 252 9170

Comparing equity release plans

The table below compares the features of both lifetime mortgages and home reversion plans.


Feature Lifetime mortgage Home reversion
Receive a tax-free cash lump sum
Take further funds in the future
You own your home
You sell a share of your home
No monthly repayments to make
Option to make monthly interest payments
"No negative equity" guarantee
Move and take the plan with you (subject to provider criteria)
Interest accrues on the loan
The value of your estate is reduced
Entitlement to means tested state benefits may be affected
Regulated by the Financial Conduct Authority
Specialist independent advice should be sought
Advised on by Key
Protect a percentage of your property/guarantee an inheritance
Plan is repaid upon death or long-term care

Types of plan

Lifetime mortgage

A lifetime mortgage is a long-term loan secured against your property. It is only repaid when your property is sold; either when you and your partner have both passed away, or move into long-term care.

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Drawdown lifetime mortgage

A drawdown is a type of lifetime mortgage that enables you to take the cash from your home in chunks, as and when you need it.

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Home reversion

Home reversion plans operate in an entirely different way to lifetime mortgages. You sell all or part of your property to the reversion company in exchange for a cash lump sum.

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Arrange advice today

Arrange advice today

Speak to one of our expert advisers over the phone or face-to-face, so they can get to know your needs. As we’re independent, our focus is you, meaning you’ll receive impartial advice to help you decide in your own time.

If you are considering equity release we recommend that you read through is equity release right for you

More about equity release

Already have a plan?

Need more money or want your current plan reviewed, check out your options

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Is it right for me?

Find out all of the necessary facts and information to see if it's right for you

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Why equity release?

Could a tax free cash lump sum that you can spend how you wish help you get the things you want out of life?

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Your journey

Find out how to apply for an Equity Release plan and what to expect

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