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Preston, PR2 9ZH


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Is now the perfect time for you to take equity release?
Economic uncertainty in the UK has meant more caution around financial decisions. Some think now is a time for sitting tight and seeing how things play out. 
But could this really be the perfect time to start thinking about equity release? 
Property wealth among the over-65s has never been so high. According to Key’s own research, mortgage-free homeowners’ property wealth has increased by a huge £28 billion over the past six months1. That’s almost £1,000 a month per household on average1
Across Great Britain, mortgage free over-65s are sitting on more than £1 trillion worth of property wealth1. Some of which could be used to finance a better retirement. 
Equity release allows you to access some of the tax-free cash tied up in your home. And the money released is yours to spend as you wish. 
Home improvements, that once-in-a-lifetime holiday, helping your children or grandchildren get on the property ladder. All have been made possible through equity release2

But why might now be the right time for you? 

Alongside there never having been so much property wealth among mortgage-free retirees, there have also never been so many options for you to choose from. 
Research by Key Partnerships shows there has been a 300% increase in the number of equity release plans available during the past three years3. That means more choice and flexibility for you. 
No matter what you’re looking for, there are several options with an equity release plan. 
Want to be able to make a one-off repayment to reduce the cost of your equity release? More than half of plans on the market currently offer this feature3.
Don’t need your entire available release in one lump sum? No problem. Over a quarter of plans offer the drawdown facility, meaning you can take your chunks of your tax-free cash as and when you want it following an initial release3.
With this much choice, why not join more than 1 million others and find out with Key if this is the perfect time for you?4
It’s easy to see how much you could release from your home. Just use our simple online equity release calculator.  
Or if you’d like to find out more about equity release, request your free call back here

What should you consider before taking out equity release?

Our independent, specialist equity release advisers compare products from the whole market to find the most suitable equity release plan for you. They’ll discuss all the options available and explain that taking an equity release plan reduces the value of your estate and may affect any means-tested benefits you’re eligible for.
With a lifetime mortgage, you’ll still own your home. It’s a loan secured against your home and is repaid when you, or the last surviving applicant, pass away or move into long-term care. 
All equity release plans we recommend have a no negative equity guarantee. That means you’ll never owe more than the value of your home.
You have to get expert advice before releasing equity; it’s a regulatory requirement. Key’s 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.
1Key’s Pension Property Index February 2019
2Key’s Market Monitor FY 2018
3Key Partnerships data

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