Why choose equity release

Here at Key, we're dedicated to helping our customers enjoy a fulfilling, worry-free retirement by finding the right plan to meet their individual needs.

After years of working hard to make monthly repayments, your home might be your biggest asset, especially with the increase in house prices over the last few years. Downsizing is an option to free up cash, however this could mean the emotional wrench of leaving your family home and neighbourhood. Meanwhile people are living longer and many are struggling to make ends meet on their retirement income, let alone have anything left over for life’s little luxuries once the bills are paid.

An equity release plan allows homeowners aged 55-95 to access some of the cash locked in the value of their home, and we’ve helped thousands of our customers free up money to enjoy a better retirement.

If you’re considering releasing tax-free cash from your home, then you may already have a good idea of how you’d like to spend it. It could be for holidays or home improvements, to clear debts or support loved ones - and this could influence the type of plan that best suits your needs. If you want the money all at once then you could opt for a lump sum lifetime mortgage. If you want to take out an initial amount then release further funds as and when you need to, you might choose a drawdown lifetime mortgage.