Key Equity Release

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

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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?

Is Key equity release the best?

What You’ll Learn in This Article:

    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?

    This website (SovereignBoss) is not related to, or a part of Key. The views in this article are our own & may not reflect those of Key.

    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?


    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

    How Did We Review Key Equity Release?

    We reviewed Key by gathering all the latest information available about it.

    Our review of Key is independent, and we are not affiliated with it.

    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.

    Pros & Cons


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


    • 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 best equity release companies available on the market, with our easy-to-use table or compare the equity release rates!

    What Are Key’s Fees?

    Key fees may include an application fee.

    It may also offer you a free valuation; however, sometimes providers charge for this depending on your plan.

    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

    Trading Names

    • Mortgage Advice Bureau Later Life
    • MAB Later Life
    • MAB LL
    • Key Partnerships
    • The Equity Release Experts
    • Key
    • Key Equity Release
    • Key Retirement
    • Key Retirement Solutions Annuity Service
    • Key Retirement Solutions Limited

    FCA Permitted Services

    • Consumer Credit
    • Mortgage & Home Finance


    • 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 & Address

    • +44 800 2943 144 
    • Baines House, 4 Midgery Court, Fulwood, Preston PR2 9ZH, United Kingdom

    Common Questions

    Is Key a Member of the Equity Release Council?

    Where is Key Located?

    Does Key Do Equity Release?

    Is Key Equity Release Safe?


    Could Key be the right option for you?

    If so, we strongly suggest you contact a financial advisor to assist you through the entire process.

    Additional Reading:

    Before You Go…

    Use the FREE Calculator Below 👇


    Equity Release Calculator

    Value of Your Home?


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    100% Safe & Fast

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    Editor’s Note: The information contained in this website is for general information purposes only & while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. This content has been independently collected by the SovereignBoss team and is offered on a non-advised basis. View our editorial guidelines.

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