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Make improvements to your home

You may want to renovate in order to add value to your home, bring it up to date, or give yourself a more comfortable environment.  But maybe everyday expenses mean that home improvements are something that you just can't find the money for.

Kitchen renovation


A new lease of life for your home

Maybe it's time to make your home work for you for a change.

If your property’s valued at £70,000 or more, then a percentage of the equity could be unlocked with an equity release plan. This money can be spent on improvements, giving your home that new lease of life - and perhaps even helping you save on monthly bills with a more efficient property.

With a massive 64%* of all our customers using some or all of the cash to make home improvements, this is certainly the most popular reason that our customers release equity.  But just how much could you release for this purpose?


Calculate your home's equity


Customer story – Mr & Mrs Sheppard

“We’ve been able to make significant alterations in the house and make it just as we want it.”

David and Pam Sheppard had been considering equity release for a while when their friend recommended Key Retirement. 

“We downsized to our new bungalow almost a year ago to be closer to a bus route and local amenities. The new place was a bit dated and we’re quite modern in our outlook so we wanted to give the place a facelift.

“We love being outside and wanted something low-maintenance as we get older. We’ve put down artificial grass and planted up all our borders which are now really starting to mature in the warmer weather.

“The equity release has given us a real boost to our retirement finances and we’re so glad we did it.

“We thought we might as well be enjoying it while we can.”  

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.


Get all the facts

Request a free guide today to learn about how a lifetime mortgage could enable you to carry out home improvements. 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 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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