Equity release

Make the most of the growth in the equity release market with Key Partnerships

Put simply, equity release enables those aged between 55 and 95 to access some of the cash locked in the value of their homes. The loan plus interest is repaid following the death of the client or their admission into long-term care; or, if it is a joint plan, the loan plus interest is repaid following the death of the last surviving client, or their admission into long-term care.

There are several types of equity release plan available with many different features to choose from which suit a wide range of client needs, including:

  • Enhanced plans, allowing those with medical or lifestyle issues access to a higher loan-to-value (LTV) 
  • Capital repayment plans, where clients can repay a percentage of their lifetime mortgage per year without incurring any Early Repayment Charges (ERCs), subject to lender criteria 
  • Interest payment plans, where clients can pay some or all of the monthly interest, subject to lender criteria
  • Drawdown plans, allowing clients to take withdrawals as and when they need them, following an initial release
  • Fixed ERCs
  • Downsizing Early Repayment Charge Exemption, if a client were to move to a different property they could repay the loan without incurring an ERC, subject to lender criteria

There are typically no monthly repayments to make, as the loan, plus roll-up interest, is repaid when the plan comes to an end.

Who qualifies?

To qualify for equity release, your client must
  • Be aged between 55 and 95
  • Own a property valued at least £70,000
  • Live in the UK

Key facts

  • It's regulated

    The whole market is fully regulated by the FCA. We also recommend plans which have been approved by the Equity Release Council (ERC) and therefore come with a number of guarantees to ensure there are suitable financial safeguards in place.

  • Very flexible

    There is a wide selection of plans and features available to suit many client needs, offering flexibility during retirement, which is a significant and sometimes unpredictable period.

  • In control

    With a lifetime mortgage, your client is in control and will retain full ownership of their property until they die or move into long-term care.

  • No Negative Equity Guarantee

    We recommend plans which come with a No Negative Equity Guarantee, which means that the amount owed by the client will never exceed the value of the property.

  • No monthly repayments

    There are typically no monthly repayments to make, (unless your client chooses a plan which allows them to do so), as the loan, plus roll-up interest, is repaid when the plan comes to an end.

  • Tax-free

    Funds made available through equity release are tax-free, and your clients can spend them however they wish, unless they have an outstanding mortgage, which must be repaid using any funds made available through the equity release plan.

Why choose Key Partnerships?

Award winning service

We have won over 50 awards in the last 10 years as part of Key Retirement

Outstanding commission

The average payaway per completed case in 2017 was £1,341

Nationwide coverage

We have an expansive network of advisers across the UK, along with a dedicated telephone adviser support team

Equity release providers include