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Take care of family and friends

    It’s a pleasure to have the finances in place to be able to take care of your nearest and dearest. Gifting money can help family members overcome financial difficulties, or even find a spot on the property ladder. Your home can present you with a new way to do this… 

    Do you want to give a gift that will last?

    If you care about treating or providing for others then you’re not alone. It’s something that 22%* of Key Retirement customers have chosen to do with the money released from their homes.  Helping friends and family is one of the most rewarding things that you can do - especially when you know you are able to improve their lives.
    With equity release, tax-free cash can be unlocked from your house, and it’s yours to spend as you please. An example includes helping family onto the property ladder. There are also plans available that will allow you to guarantee your family an inheritance. Could the money help you to assist your family and/or friends?  

    See how much cash you could release

    Customer story - Mrs Stewart


    “My daughter was able to be with me for the first consultation and the adviser was very helpful.”
    It was a mixture of factors that prompted Christine to consider equity release.
    As well as financial reassurance, she also wanted to give her children some money, helping them now when they needed it rather than waiting for their inheritance.
    After talking to her family, she contacted a local equity release adviser.
    “It was really straightforward” explained Christine.
    Christine chose a drawdown lifetime mortgage, which would allow her to access the money as and when she needed it. Equity release has enabled her to help her daughter financially and assist her son with a vehicle for his landscape gardening business.
    “Altogether it was a whole round package” summarised Christine, “it was definitely the right thing to do.” 

    Facts about equity release

    Equity release is a big decision, and you should make sure you understand exactly what it entails. You should also consider alternatives, such as downsizing or using savings. Here are some key facts about equity release:

    • The most popular type of equity release is a lifetime mortgage. This is a loan secured against your home.

    • With a lifetime mortgage there are typically no monthly repayments, as the loan plus roll up interest, is repaid when the plan comes to an end. 

    • Equity release will reduce the value of your estate and may affect your entitlement to means-tested benefits.

    • Key Retirement recommend plans approved by the Equity Release Council. This means that they offer guarantees including the right to stay in your home for life and protection against negative equity.

    If you are considering equity release, we recommend reading ‘is it right for you’ carefully.


    See your loved ones enjoying their inheritance


    As with the example of our customer case study, you have the choice to see your family enjoy their inheritance early.
    Equity release could allow you to partake in special moments, like providing your children with the means to buy a house or giving financial help to grandchildren attending university.


    Get all the facts

    Request a free guide today to learn about how equity release could help you to achieve your holiday dreams. You will be able to download a guide straight away, plus we'll post one out for you to browse at your leisure.


    *UK Equity Release Market Monitor Half Year 2017

Key promise

Customer satisfaction is at the heart of everything we do; we pride ourselves on being independent, transparent, supportive and straightforward. We're passionate about helping you to make the most of your finances when you’re in or approaching retirement.

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