What is equity release?

Equity release is a means of releasing a tax-free lump sum from the equity locked in your home.

There are typically no monthly repayments to make. Spend the money on anything you like from helping with the costs of living, to helping grandchildren onto the property ladder, to making home improvements or even travelling and seeing the world!

Taking out an equity release plan will reduce the value of your estate and could affect your entitlement to state benefits.

Who can take out a plan?

To qualify for equity release you must:

  • Be aged 55 or over – both applicants if couple.
  • Own and live in the property you wish to release equity from.
  • Be able to release enough equity from your property to enable you to fully pay off any outstanding mortgage or secured loan.

Your property must be:

  • Valued at least £60,000.
  • In the UK (including Northern Ireland).
  • Either freehold or leasehold, with a minimum lease period of 75 years remaining.
  • Of standard construction and in good condition.

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Key Retirement

We were very pleased with all the help we were given when applying for equity release. Paul Paradiuk our Equity Release Adviser was a great...

Mr & Mrs Lee - 2 hours ago

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Equity Release through Key Retirement

David Walls from key retirement was exceptionally Polite and most helpfulhe explained everything in terms we under stood,answered all our questions satisfactorily. We would recommend...

Mrs Georgina & Mr Terence Henry Willis - 3 hours ago

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Key Retirement Annuity

Dealt with Steve Craven of Key Retirement and found him to be very efficient and helpful. When he wasn't available, all other staff were extremely...

Michael French - 4 hours ago

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This is an equity release plan. To understand the features and risks ask for a personalised illustration.

If you are considering equity release we recommend that you read through is it right for you? carefully.