Equity release is a means of unlocking the value in your home into tax-free cash that can be used for any purpose.
Key Retirement Solutions are the UK's number one specialist independent equity release advisers. There are currently over 40 plans available, so independent advice is essential. They have been chosen as our partners to offer the following service to Ipswich members:
A free, no obligation, initial consultation to help customers decide whether equity release is right for them. Key's advisers will:
- Explain how much cash can be released
- Explain the pros and cons of different types of plan, either Lifetime mortgages or Home Reversion Plans
- Explain how the value of the estate will be reduced
- Work out any effect on eligibility to State benefits to find the best solution
- Offer a choice of plans and the option of a tax-free cash lump sum or a regular income.
- Consider alternatives to equity release
Who qualifies?
If you have a mortgage or secured loan on your property this would need to be repaid, either wholly from the new equity release plan or if this is not possible, the shortfall would need to be met from your own means. Please contact us to discuss further.
This is an equity release plan. To understand the features and risks ask for a personalised illustration.
Those fulfilling the following will usually be eligible:
* Aged 55 or over
* Own their own property worth over £70,000
* Little, or no outstanding mortgage
Equity Release Calculator
Find out whether you may be eligible for a lifetime mortgage and how much cash you could release by using the table below.
For more information please contact Key Retirement Solutions on freephone 0800 531 6038 or click here to download our leaflet.
*YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
