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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


0808 252 9170

How equity release could help you tackle future money concerns
Wanting to help the next generation but not feeling financially stable enough to do so can be frustrating.

According to our recent research*, 78% of the 950 over 55s we surveyed are concerned that if they pass on their wealth now they may need it later in life. While 73% of the same demographic are worried about funding their own care during their older age.

Nevertheless, 89% want to pass on some of their accumulated wealth to their children – with 46% having already done so.

However, wanting to help and being able to do so are often two very different things.

But, there could be a solution.

Equity release is used by many over 55s as a forward-thinking, strategic financial pathway to try and secure a better future – with Key having helped over 1 million customers decide if it’s right for them to date.

Whether you’re utilising your biggest asset to support the next generation and having the chance to see them make use of your gift, future-proofing your home, or preparing for the costs of care later down the line, equity release has the potential to address a wide range of monetary obstacles.

But, of course, equity release is not for everyone. And at Key, we know that. Which is why if equity release is not right for you, we will tell you.

If you’re considering equity release, we always recommend speaking to an independent, expert adviser.

Remember, good advice is Key.

Things to consider

Our independent, specialist advisers search the whole market to find the right equity release plan for you. They’ll explain all the options available and that taking a plan reduces the value of your estate and may affect any means-tested benefits you’re eligible for.

You have to get specialist advice before releasing equity; it’s the only way to do it. The initial consultation is free with no obligation to proceed. If you decide to go ahead with an equity release plan, our advice fee – usually 1.99% of the amount released, subject to a minimum of £1,499 – is payable only on completion.

With a lifetime mortgage; the most popular form of equity release, you’ll still own your home. As with any kind of mortgage, it’s a loan secured against your home. All equity release plans we recommend have a no negative equity guarantee, which means you’ll never owe more than the value of your home.

You should always think carefully before securing a loan against your home.

* Research conducted by independent researchers Consumer Intelligence among a sample of 950 homeowners - with children or grandchildren - aged 55+, 2nd July – 10th July 2018

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