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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

Using equity release for home improvements

Need or want to make home improvements? Join over half our customers who use equity release to do so
Your home plays a huge role in your life. It’s there to keep you warm during those long winter nights, to provide comfort when you’ve had a bad day and to hold your memories or give you the space to create new ones.
That’s why it’s important your home gives you what you need. And when you’re in or approaching retirement, you may find your needs change.
It could be you’d like to improve accessibility to your home as you’re not as mobile as you once were. Or that you want to lap up the British summer in a new conservatory.
Whatever it is, your home should be a comfortable and safe place which gives you peace of mind.

Ready for the future

But it’s also important to consider the future. Just because you don’t need to make modifications to your home right now doesn’t mean you should overlook them.
Future-proofing your property is an important part of your retirement planning. You need to make sure that your home is prepared for whatever life throws your way.
It could be something like having your garden landscaped to make it more manageable. Or maybe a bigger change, such as converting the cupboard under the stairs into a new bathroom. Either way, you can rest assured you’ve made your retirement a little easier.

What you want

However, home improvements are not just about what you need. They’re also for what you want.  
A new kitchen or bathroom. A loft conversion or extension. Relaying your driveway or fixing up your garden. They’re all examples of common home improvements, and for the most part, ones which should add value to your property.


Can you afford it?


At this point, you may be thinking that spending money on your home isn’t realistic, especially if you’ve said your final goodbye to the working world.
Living is becoming more expensive. Our research suggests that an average pensioner’s outgoings are significantly higher than the income of the full State Pension. But even if that’s the case, there are options out there for you which could make your home improvements more affordable.
Equity release could be one of them.

Equity release

Equity release is a form of financial planning thousands of over-55 homeowners use every year across the UK.
By unlocking some of the tax-free cash tied up in your property, usually between £10,000 - £100,000 plus, you can make the home improvements you’ve always wanted.
You wouldn’t be alone either. We’ve helped more than 1 million people decide if equity release is right for them. And from those that do, more than half use some or all of their money to make home improvements.
Peter and Patricia from Scunthorpe are one example.

Peter and Patricia's story

“We live in a lovely, spacious bungalow within a quiet village surrounded by good friends.
“After living here for 25 years, our home started to look a little tired and needed some major home improvements. We decided to book an appointment with our local Key adviser.
“The whole process was remarkably easy – a lot easier than I thought it would be.
“Equity release has made a huge difference to our lives. Amongst carrying out home improvements, including a new bathroom and kitchen, we have also purchased a ride-on lawn mower to make life easier with our large garden.
“We even have some money left over for a rainy day.
“The money has really improved our home and made it easier to maintain. I would definitely recommend Key.”

Your next steps

It’s simple to find out if equity release could help make your dream home a reality

By using our free equity release calculator, in less than 60 seconds you can discover how much you may be able to borrow, as well as the lenders and rates that may be available to you.
Alternatively, if you just want to know more about equity release, read some of our customers’ stories, see how much people are releasing in your area, and much more besides, request your free equity release guide.

Get your free guide

Download your free guide to see how equity release work

I want to calculate

Use our free calculator to see how much tax-free cash you could release

I want to get advice

Book your free, no-obligation home visit with Key Equity Release

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
  • Key Equity Release offer lifetime mortgages only, which is a loan secured against your home. It will reduce the value of your estate and may affect your entitlement to means-tested benefits
  • All of our plans meet the Equity Release Council standards and come with several protections, including the no negative equity guarantee, which means you’ll never owe more than your home’s value