Your Guide to Later Life Finance

Contents What is equity release? Types of equity release

4 5 7 8 9

Benefits and drawbacks of equity release What other options are there?

Further options explained Is equity release right for me?

10 11 12 14 16 18 20

How would you spend your tax-free cash? How much could I release with a lifetime mortgage?

Compound interest explained Lump sum vs drawdown Payment-term lifetime mortgage Interest reward lifetime mortgage

How can I reduce the cost of my lifetime mortgage? 22 Other ways to reduce the cost of your lifetime mortgage 23 Flexible features for personalised plans 23 Considering the impact of house prices 24 Is equity release safe? 25 Equity Release Council guarantees 25 Can I tailor my lifetime mortgage? 26 The equity release process 27 What are the most commonly asked questions? 28 Wills & lasting powers of attorney 29 Why choose Key? 30

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