Key Advice Solutions Guide to Later Life Finance

Contents What is equity release? Types of equity release

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Benefits and drawbacks of lifetime mortgages

What other options are there? Further options explained Is equity release right for me?

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

Compound interest explained Lump sum vs drawdown 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 us? 30

At Key Advice Solutions, we believe later life is for the opportunities yet to be discovered, the horizons yet to be explored, and the memories yet to be made. We believe it’s for the peace of mind knowing your existing mortgage is fully repaid, for the joy of being able to help your family when they need it most, and the comfort of knowing you can do so without having to leave the home you love. We believe later life is for living. And through our specialist products and personalised advice, we can help you take control of your finances so you can put the life in later life.

Within this guide, we’ll explain how you could take control of your finances with the help of equity release and what you should consider before making a decision. We’ll also cover some of your other options, such as retirement interest-only and later life residential mortgages, both of which are also available through Key Group.

Key Advice Solutions are part of Key Group who, for over 25 years, have been helping people live the later life they want. The specialist advice and products that we advise on are specifically designed for those aged 55 or over, and our expert advisers will take the time to understand your needs before making a recommendation that’s personal to you. We’ll give you all the information you need to make smart, well-informed decisions about your later life finances, and we’ll support you throughout the process, answering any questions you may have along the way.

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