Equity Release - clearkey.co.uk

Release tax-free money from your property

Release tax-free money from your property
Take a lump sum or a regular income from the released funds
Retain ownership of your property
No Negative Equity Guarantee

Get in touch today to speak to an advisor about the available equity release options

Whats the main reason you'd like to speak to an Equity Release advisor today?
Estimated property value
How much would you like to borrow?
If you have an existing mortgage, how much is owed?

(if none, leave as £0)

Date of birth

The youngest applicant must be over 55 in order to qualify for Equity Release.

Great, before we go any further, what’s your name?
Contact Details
By clicking Finish, you agree for our client to contact you by telephone in relation to your enquiry today and that you have read, understood and agreed to our Terms and Conditions as well as our Privacy Policy
How does it work
Equity Release
What is equity release?

Equity release is a financial instrument that allows you to extract cash out of your property. The most popular type of Equity release is a lifetime mortgage, which is a loan secured against your home. It’s only available to people aged over 55 years. The loan is paid back upon completion of the plan, typically when the last remaining applicant dies or moves into long term care.

All companies selling equity release have to be regulated by the Financial Conduct Authority. Our partners are also part of the Equity Release Council, meaning any equity release product you may wish to take out, has the benefit of being backed by the negative equity release guarantee.

The most common forms of equity release are:

• Lifetime mortgage
• Home reversion plans

How we work

1. Complete our simple online form
1. Complete our simple online form

2. Speak to a qualified equity release advisor
2. Speak to a qualified equity release advisor

3. Take out an equity release product tailored for you
3. Take out an equity release product tailored for you

Equity Release key benefits

Tax-free cash to spend in a variety of ways

You can choose how you spend your money in a variety of ways and you won’t be taxed on the funds withdrawn from the properties equity. You can use this money to pay for care, fund holidays, gift family members or make home improvements.

No Negative equity guarantee

Equity release plans that meet the standards of the Equity Release Council (ERC) will be covered. Therefore, you’ll have a no negative equity guarantee. Meaning you’ll never pay more than what your property is worth when the plan ends.

Retain property ownership

With a lifetime mortgage, you retain ownership of the property. Whilst with a home reversion plan, you sell a percentage of your property and lose ownership of it, instead becoming a beneficial owner.

Get Started

Frequently Asked Questions

Still, have some questions regarding equity release? Hopefully, we cover them in our FAQs, if not an advisor will be more than happy to answer any other questions you may have.
How much equity can I release from my property?
This depends on a number of factors such as age, the value of your property and other factors which the lender will likely take into consideration. The max amount that lenders will likely consider lending is 60% of the total value of the property
Can I still leave an inheritance with equity release?
An equity release product will reduce the amount of inheritance you can pass on. Some plans will let you ring-fence a percentage of your homes future value to guarantee you can pass on some inheritance, but this will reduce the amount you can borrow.
Can I still take out an equity release plan if I have an existing mortgage?
Yes, and this is often cited as a top reason that borrowers take out an equity release product. However, the lender would expect you to pay off the mortgage with the money released or savings upon completion.

How we work with Expert Advisors

ClearKey introduces you to qualified equity release advisor, Mortgage Advice Bureau Later Life, free of charge.
We do not provide advice ourselves instead we connect you only with regulated advisers.

We receive a commission for each introduction and specialise in making the process of receiving professional equity release advice and personalised quotes as easy as possible.

Because we play by the book we want to tell you that...

1. We understand equity release isn’t for everyone, and we’ll never say it’s the right option for you, that’s why we pass you onto an Expert.

2. A lifetime mortgage is a loan secured against your property. With a lifetime mortgage there are typically no monthly repayments to make as the loan, plus roll up interest, is repaid when the plan comes to an end. Usually, that’s when you, or the last remaining applicant, either passes away or moves into long-term care.

3. With a lifetime mortgage you’ll still retain full ownership of your home.

4. Equity release will reduce the value of your estate and may affect your entitlement to means tested benefits.

5. Mortgage Advice Bureau Later Life offer lifetime mortgage products from a carefully selected panel of providers.

6. Unless you decide to go ahead, Mortgage Advice Bureau Later Life’s service is completely free of charge as their fixed advice fee of £1,295 would only be payable in completion of a plan.

7. ClearKey is an independent marketing website which only acts as an introducer to companies who offer advice on various financial plans, products and services.

8. Our partners are authorised and regulated by the Financial Conduct Authority.

9. ClearKey.co.uk are not authorised to give any advice and we are not liable for any financial advice provided by or obtained through a third party.

10. Life insurance products attract terms and conditions. Price information contained within this website are for illustration purposes only. You will receive a full policy document upon application which will set out the terms, conditions and limitations of cover provided under the plan.

11. Your home may be at risk if you do not keep up repayments. Think carefully about securing debt against your home. When consolidating existing borrowing be aware that extending the term could increase the amount repaid.