Opening Hours

Open at 9:00am today

Opening Hours

  • Monday - Wednesday

    9:00am - 8:00pm

  • Thursday

    9:00am - 3:30pm

  • 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

0808 252 9170

Including your family in the equity release journey

When you consider equity release, it’s important to make the right call.

That’s why, at Key, we encourage you to include your family in the decision-making period.

And we’re not alone. Among equity release advisers, 80% believe there’s a need your family is involved during the advice process*. 

It makes perfect sense, too. For example, they may ask the questions you haven’t thought of.

In fact, 75% of advisers say that through engagement, family members get a better understanding of equity release.

However, some prefer to go alone and make the decision without input from their nearest and dearest.

And even though we encourage the involvement of your family, it’s your decision. If you decide against it, we will always respect that.

So, why are some against family involvement?

Well, half of the advisers asked said some clients did not want to create concern for their nearest and dearest. While 53% of the same group said they did not want to reveal their financial struggles to their family.

However, 84% of people who did not include family in their equity release journey said they trusted their own judgement enough to make day-to-day money decisions alone.

Whichever you decide, if you go it alone or want family members on your equity release journey, it’s vital to seek independent, expert advice before making any decision.

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 a legal requirement. Our 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 and 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.

* https://bestadvice.co.uk/involve-family-members-in-equity-release-process/

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