Could you switch your equity release plan and save?

• We've changed the way we do things

• From 14 October 2019, you’ll no longer pay for our expert equity release advice, so the information about our service and fees in this article may no longer be relevant. We've now created over 80 new Key Equity Release plans using our 20 years' experience so you can be confident we'll find the equity release plan that's right for you.

Although your equity release plan is set to last the rest of your life, that doesn’t mean you have to stay locked into the same deal.

There are many reasons for switching your equity release plan, and not just to get a better interest rate.

Plans now have new, improved features, and switching could give you greater flexibility.

You might want to add inheritance protection or the opportunity to make partial repayments. Perhaps you now qualify for an enhanced plan or want downsizing protection.

Whatever your circumstance, now could be the time to make sure your plan is serving you as it should.

At Key, we’ll carry out a free review to check if we can get you a better deal. We’ll then talk to your existing lender, get all the details and compare it to current plans on the market.

If it’s not the right time, we’ll let you know.

Good advice means we don’t only see if you can borrow more, we also look for the best deal for your requirements.

Whether you want to go elsewhere or stay with the same lender, we’ll always let you know your options and what features you can get.

Then we’ll do all the leg work to find you a new plan that delivers what you need.

After all, good advice is Key.

Things to consider

Our independent, specialist equity release advisers compare products from the whole of the market to find the most suitable equity release plan for you. They’ll discuss all the options available to you and explain that taking an equity release plan reduces the value of your estate and may affect any means-tested benefits you’re eligible for.

With a lifetime mortgage; the most popular form of equity release, you’ll still own your home. It’s a loan secured against your home that is repaid when you pass away or move into long-term care. Equity release plans we recommend have a no negative equity guarantee, which means you’ll never owe more than the value of your home.

You should always think carefully before securing a loan against your home.