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Equity release calculator

  • See how much you could release
  • ​Quick, easy and secure
  • We'll explain the benefits, drawbacks, and costs of equity release
Calculate now

Benefits and drawbacks of equity release

All our equity release advice relates to Key lifetime mortgages only - a loan secured against your home.

✓ Benefits

  • Unlock tax-free funds from your home

  • Retain full home ownership

  • Option to make reduced or no monthly repayments

  • Never owe more than your home's worth

  • Remortgage in the future (not guaranteed and may be subject to early repayment charges)

ⓘ Drawbacks

  • It's subject to compound interest - the amount you owe can grow quickly

  • It will reduce your estate's value and may affect your entitlement to means-tested benefits

  • It may leave you with limited or no property equity remaining

  • It will reduce your financial options in the future

  • It's a long-term financial product, designed to be fully repaid when the last borrower dies or enters long-term care (or early repayment charges may apply)

Calculate now

Trustpilot
Trustpilot

 

See how much you could release

In Q1 2023, Key customers had an average total facility of £79,981. Our equity release calculator uses two things to quickly work out how much you could release tax-free:

  • Property value: £70,000+ only

  • Age: 55+ only

The amount you could release is personal to you. See how much you could unlock with Key. 

Calculate now

ⓘ Other things to know before you get started

Equity release is a lifetime commitment. We're here to help you make an informed decision. Our fixed advice fee of £1,299 is only payable on completion.

Compound interest

  • The loan, plus compound interest, is typically repaid through the sale of the property when the last remaining applicant passes away or moves into long-term care

Cost of borrowing

Our lifetime mortgages have features to help reduce your total cost of borrowing:

  • Making repayments

  • Remortgage in the future

  • Consider a drawdown plan

Other options

  • Home reversion

  • Later life residential mortgage

  • Interest payment lifetime mortgage

  • Retirement interest-only mortgage

  • Downsizing

  • Unsecured lending

  • Existing assets

Why Key Later Life Finance?

We're regulated experts

Key is regulated and a proud member of the Equity Release Council
 

Trusted award-winners

We've won 80+ awards. 17,000+ excellent Trustpilot reviews makes us the UK's most trusted equity-release specialist

Highly experienced

We have over 25 years' experience. We've helped more than a million customers with tailored equity release advice. Once we've taken the time to understand your needs, we’ll have a sound idea of what the right plan is for you.

Ready to get started?

See how much you could release tax-free with Key's award-winning equity release service

Page last updated: Tuesday 02 January 2024

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