Key Equity Release Review

We Review Key Equity Release & Look at the Pros, Cons & Schemes They Offer
Contributors: Nicola Date, Katherine Read. Edited by Rachel Wait & Reviewed by Francis Hui
Are You Considering Key Equity Release? What Are the Pros, Cons & Costs? Read Our Reviews & Discover If Key Lifetime Mortgage Schemes Are for You.

Before You Start Reading…

How Much Can You Release? 👇

 

Equity Release Calculator

Value of Your Home?

50000

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Key Later Life Finance


Is Key equity release the best?

I think you’ll agree with me when I say:

It’s REALLY hard to choose the best equity release provider with all the choices available.

Or is it?

The companies we profile, are the best in the business to help you unlock the cash tied into your home.We’re here to help you:

  • Understand the services that Key offers.
  • Determine if they might be able to assist you and your family on your equity release journey.

As experts in the equity release field (we’ve reviewed more than 250 schemes!), we’ve combed the market, researched all equity release service providers and narrowed it down to who’s on top.

Is Key the ideal equity release loan company to assist you and your family?

TABLE OF CONTENTS

What’s Equity Release?

An equity release mortgage is, in a nutshell, a loan plus interest that is paid back to the lender when the homeowner passes away or goes into permanent care.

Who Are Key?

Key Later Life Finance, formerly known as Key Equity Release, was established in 1998 and specialised in home income schemes.

In 2001, it began focusing solely on equity release advice.1 

How Did We Review Key Later Life Finance?

We reviewed Key Later Life Finance by analysing its full product offering, comparing its services to other lenders, and by considering the company’s customer satisfaction ratings.

What About the Key Equity Release Calculator?

Before you consider using the Key calculator, please take note.

Our providers can almost always match & BEAT any existing equity release quote that you find through Key.

So first use this calculator below & see how much you can release.

How Much Can You Release?

Use the Calculator Below 👇

 

Equity Release Calculator

Value of Your Home?

50000

Drag me

🔒 100% Safe & Fast

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Why Consider Key?

The Key Group aims to provide clients with a personal customer service experience, assisting in guiding you to make sound retirement financial solutions.

Key Retirement Group reveals its new brand and positioning, becoming Key Group.

The company’s new logo and approach were created in collaboration with Start Design to reflect and endorse its refreshed growth ambitions as well as improved key advice for equity release, lending, distribution, and training services.

Start Design directed an intensive strategic phase to rebrand the Group.

This comprises the UK’s largest later-life advisor (Key), one of the country’s most popular referral services (Key Partnerships equity Release), one of the country’s largest equity release lenders (more2life) and one of its best industry support services (AiR Group).

Who Owns Key Equity Release?

Key retirement equity release solutions is owned by Partners Group.

Phoenix Equity Group sold Key Retirement Solutions Ltd to the global private markets investment manager for £208 million.

Key Reviews & Ratings

Key Later Life Finance Complaints

If you’re unhappy with Key and would like to make a complaint, you can call them, send a letter, or contact them via email.

Your complaint must include your name and address, plan number (if relevant), and details of your complaint or feedback. 

Key is committed to acknowledging complaints, investigating the issue, and dealing with it where applicable.

Are Key Equity Release Any Good?

Key Equity Release is considered to be an excellent company by most customers, with a 4.8 rating on Trustpilot.

What Are Key Later Life Finance Equity Release Interest Rates?

Key equity release interest rates are usually fixed annual rates of 3.52% or lower.

The overall cost for comparison is 3.69% APR*.

*Lowest available rate correct as of May 2022.

Pros & Cons

Pros

  • More than 20 years experience in the industry.
  • No advice fees.
  • Interest rates as low as 2.99%.
  • No negative equity guarantee.
  • Release up to 56% of your property value.
  • Inheritance protection.
  • Partial repayment plans.
  • Free advice.

Cons

  • Your personal situation and lifestyle can influence how much you can borrow.
  • Interest will compound quickly over time, and is subtracted from the value of your house when you sell.

Editor’s Rating: 4.88

Key’s Qualification Criteria

  • Minimum Amount of Equity Offered: £10,000
  • Maximum Amount of Equity Offered: Not Specified
  • Minimum Age Limit: 55
  • Maximum Age Limit: Not specified
  • Property Minimum Value: £70,000
  • Location: Mainland England (including the Isle of Wight), Wales, and mainland Scotland

Key Equity Release Has Opted for a New Name

As the Key brand continues to grow and develop, so has their name to fit their product offering.

Spanning beyond the realm of equity release, their new title, Key Later Life Finance, is vastly more fitting and indicative of the brand’s ethos.

We at SovereignBoss are really excited to watch the future of Key and its fellow leading retirement finance providers.

With retirement mortgages aiding so many across the UK to find their financial freedom, industry growth is welcome by many.

An Introduction to Key Later Life Finance

Key is an institution that specifically caters to all aspects of later-life finance.

While financial planning is ideal earlier on in life, the reality is that most don’t have the means to do so.

Fortunately, Key has created an amazing platform where older UK citizens can focus on all aspects of retirement planning, no matter their stage of life.

They aid with most aspects of retirement planning, including lifetime mortgages, the newer retirement interest-only mortgages, and the A to Z of estate planning.

Everything from wills and LPAs, to trusts, Key Later Life Finance has you covered.

The Evolution of the Name

Originally Key Retirement, the brand first changed its name to Key Equity Release in 2018 due to the growing demand for equity release products.

Now, in 2022, they have once again rebranded, finding the perfect fit for their holistic approach to retirement funding.

Why the Rebrand?

The renaming stems from the realisation that Key Equity Release limits their customer’s perception of retirement planning.

While equity release is a brilliant option, the institution encourages its clients to explore all available products and services before settling on a clear plan.

In addition to the name change, the rebrand comes with a new tagline: ‘For the life in later life.’

Will Hale, chief executive at Key Later Life Finance, speaks on the organisation’s new approach:

“We have been supporting customers as they access their housing wealth for over twenty years, and we are building on this heritage as we evolve our offering to meet their developing needs and wants.

Our brand now better reflects the vibrant, diverse, and exciting market we operate in and the range of services we offer.

This new brand will also help to grow the wider understanding of this developing market and ensure that more people are aware of their options in later life.”

COVID-19 has had an unprecedented impact on the global economy, and the equity release industry is booming.

There’s been an incredible shift in how the sector operates, as more older homeowners turn to these flexible and safe products to unlock the cash in their property.

These days, later life lending is more than just equity release; it’s a bigger picture, with highly beneficial and customer-centric products.

Hence, Key’s new branding approach perfectly fits UK retirees’ wide range of options in 2022.

Key Later Life Finance Jobs

If you’re looking for a job at Key Later Life Finance, you can search online or visit the company website.

Key Equity Release Schemes

Have a look at all the equity release schemes available on the market, with our easy-to-use table or compare the equity release rates!

Learn More About Key

Key is an award-winning financial services provider that’s assisted over 1-million clients.

They provide experienced financial counsel and support to the over 55s living in the UK.

FCA Details

FCA Address

  • Baines House
  • 4 Midgery Court
  • Fulwood
  • Preston
  • Lancashire
  • PR2 9ZHP R 2 9 Z H
  • UNITED KINGDOM

Trading Names

  • Mortgage Advice Bureau Later Life
  • MAB Later Life
  • MAB LL
  • Key Partnerships
  • The Equity Release Experts
  • www.equityrelease.co.uk
  • Key
  • Key Equity Release
  • Key Retirement
  • Key Retirement Solutions Annuity Service
  • Key Retirement Solutions Limited

FCA Permitted Services

  • Consumer Credit
  • Mortgage & Home Finance

Regulators

  • Financial Conduct Authority
  • Financial Conduct Authority (FCA)²
  • Financial Services Authority Now the Prudential Regulation Authority (PRA)³

Registration Numbers

  • FCA Ref Number: 224987
  • FCA Reg Number: 2457440

FCA Link

Key Contact Number

Got Questions

Conclusion

So here’s the scoop – our intention is to help you by finding the best Key equity release lifetime mortgage so that you can spend the money on something that you really want, rather than on a high tax bill.

Before You Go…

Use the FREE Calculator Below 👇

 

Equity Release Calculator

Value of Your Home?

50000

Drag me

🔒 100% Safe & Fast

Featured In
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Editorial Note: This content has been independently collected by the SovereignBoss team and is offered on a non-advised basis. SovereignBoss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.

See How Much You Can Release 👇

Use the QUICK form below.

 

Equity Release Calculator

Value of Your Home?

50000

Drag me

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As Featured In
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