Points To Consider

Key Retirement Solutions believe that advice is only of value when it's independent. Equity release can provide you with financial freedom in retirement but it's not always the right option for everyone.

Key's independent advisers will consider your individual circumstances to tell you whether a plan would be the most suitable option for your needs. It is also important to consider the following points when thinking about whether to release cash from your home.

1. All plans will reduce the value of your estate, so it's important to involve your family and discuss your ideas with them. Your family are welcome to be involved in any of your consultations
2. Would your entitlement to state benefits be affected, and if so, how would you feel about this?
3. Releasing cash from your home is a lifetime commitment and the loan is only expected to be repaid upon your death or entry into long term care. Early repayment charges may apply on some plans if you want to repay the loan early.
4. You could sell your home and move somewhere cheaper (but it could be tough and expensive to find somewhere attractive and affordable)
5. You could ask your family for financial assistance
6. You could consider other forms of borrowing, such as loans or traditional mortgages (subject to affordability)
7. You could use other money you may have access to such as savings or investments
8. All plans approved by SHIP (Safe Home Income Plans) allow you to move home if you wish. Any move will be subject to the provider's criteria
9. Key's independent advisers offer a full advice and recommendation service for which they will charge a fee. The fee is only payable if you take their advice, apply for, and complete a plan. It is also only payable when you receive your cash and is typically 1.5% of the amount released. They offer a free of charge, no-obligation, initial consultation with an independent adviser so that you can find out how much cash you could release and whether a plan would be suitable for you. If you choose not to proceed no fee will be charged

Key's independent advisers are specialists in equity release and will apply their wealth of experience and expertise to help you to consider all of the above points, as well as talking you through the advantages and disadvantages of the various lifetime mortgages and home reversion plans available.

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

Ashley Mortgage Services is an Appointed Representative of The Mortgage Times Group Limited. The Mortgage Times Group Limited registered address is Devonshire House, 60 Goswell Road, London EC1M 7AD and is a company registered in England and Wales with Company number 4961796. The Mortgage Times Group Limited is authorised and regulated by the Financial Services Authority number 303007. VAT number 859179078.