Your Guide to Later Life Finance

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Like many couples Clive and Ruth Williams found they had less money than they would have liked after retiring. After a successful career spanning over 40 years, Clive was sadly made redundant several times which left a large shortfall in their income. Although Ruth still worked, her deteriorating health meant she had to reduce her working hours. As a result, the couple decided to reap the rewards of years of hard work making monthly mortgage payments. They decided to cash in on some of their home’s value using a lifetime mortgage and took a lump sum to pay off some burdening existing debts.

“I first heard about Key on TV and searched them online too. I then decided to give them a call. I’d looked into equity release previously and contacted some other companies but didn’t feel ready after talking to them. “Our adviser was very professional and took a lot of hassle out of the process, helping with all the paperwork involved”. During the process, Clive was pleasantly surprised to discover the valuation of his property was a lot more than what he had expected. “I expected the house to be worth around £180,000 but it turned out to be worth £225,000!”

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