Key Equity Release offer lifetime mortgages only, which is a loan secured against your home. It is the most popular type of equity release and we offer lump sum lifetime mortgages and drawdown lifetime mortgages. For homeowners over 55, you could release some of the tax-free funds that are tied up in your home. If you’re worried about no longer owning your home, with a lifetime mortgage you still retain full ownership of your property.
Depending on how you want to receive your funds, whether that’s in a one off lump sum or in smaller amounts following an initial release, will determine which lifetime mortgage is right for you.
A drawdown lifetime mortgage offers you more flexibility than a lump sum plan. First, you’ll agree an overall sum of money you can borrow. You can then take an initial lump sum and then withdraw smaller amounts as and when you need it.
When you’re deciding which option is right for you, why not take a look at our comparison between a lump sum and drawdown lifetime mortgage option.
On top of your lifetime mortgage product, you can add extra features for added peace of mind should you need it. For example, with some plans you could add downsizing protection or inheritance protection depending on what your concerns might be. All of our plans are covered by the no negative equity guarantee. Read more about downsizing protection or inheritance protection, and other plan features here.
No matter if you’re looking for low interest rates, high loan amounts or flexible features, there's a Key Equity Release plan for you. We understand that everyone’s personal circumstances and needs are different, which is why your dedicated equity release adviser will personalise your plan to make sure it’s right for you.