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5.09% MER Key Solutions Lifetime Mortgage Options – Free Valuations – Updated For 2024

Key retirement Solutions equity release
  • Remove tax-free money from your home with Key Solutions Lifetime Mortgages
  • Use the money for a motorhome or a new car
  • Free valuation
  • No product fees
  • No early repayment charges
  • 5.09% Fixed for life
  • No lender fees
  • Continue to live in your own house
  • Make no monthly payments or pay interest only each month
  • Your Requirements

  • About You

Personal Testimonials

equity release

William from Birmingham

My son knew a guy who owned 6 pubs. Because of successive lockdowns due to covid 19 coronavirus, he had to do a quick sale on his holiday home in Cornwall.

My equity release money bought his flat at 35% under market value and not only does my family have the shared use of a holiday home, but the rental income is also much more than the interest on the equity release.

Equity Release

Mrs Heart from Aberdeen

I was struggling to pay my mortgage and had no money left at the end of the month for emergencies, let alone saving for a holiday. I had investigated home reversion plans, but they did not appear to be the right solution.

Equity Release for older borrowers with no monthly repayments was exactly what I wanted, and the interest rate was very low.

I was able to pay off my mortgage. I live in an area where house prices are going up nicely so keeping 100% ownership of my own home is wise. I am confident that my house price appreciation will be much bigger than my roll-up interest.

equity release

Mrs Yardly from Sheffield

I had an old, tired car and a very unreliable central heating system. Repair bills continually mounted up meaning I had less money to spend on holidays and other nice things. A friend said I should consider equity release, but I was put off by the horror stories of the roll-up/compounded interest destroying people’s homes.

When I did my own homework, I found in 2024 equity release interest rates were very low and the negative press was around people who had been ripped off with high rates in the past.

Even if my house price only went up a little the roll-up interest would be covered. The equity release enabled me to get a nice 3-year-old car and a new boiler, so I was not wasting money all the time on repairs!

retirement interest-only mortgages

Mr Howarth from Leeds

I am healthy and have a good income from my pensions for later life. I decided to release money from my unencumbered home with a retirement interest-only mortgage (RIO mortgage), so I could get a new kitchen and bathroom and give money to my children so they could move house and buy bigger homes.

I did not have any problems with a minimum or maximum age requirement or affordability. The interest rate was very low like a prime conventional mortgage from a bank or building society. The monthly payment was tiny compared with the rest of my outgoings. The whole process was authorised and regulated by the finance conduct authority.

lifetime mortgages

Mr Shaw from Bradford

I thought I was going to have to sell my home to pay back my mortgage as the bank wanted their money back. With the money left, I could only afford a flat and I would have been further away from my daughter and her children. Downsizing was a bad idea for me.

My lifetime mortgage was ideal for me as I had no monthly repayments and I paid off my old mortgage. I saved the cost of moving to a new flat where I would pay to move to a place I did not want. The no negative equity guarantee and equity release council assurances were very important to me. I am better off each month and have some tax-free cash ready if repairs to the house are necessary.

Mortgages for retired pensioners
mortgages for pensioners over 70
mortgages for pensioners over 70
Raise money with your home
Raise money with your home
Equity release in house under 55
Equity release in house under 55
  • Your Requirements

  • About You

It’s very common to find individuals searching for lifetime mortgages with flexible drawdown cash release, interest-only lifetime mortgages or monthly payment lifetime mortgages, however, Legal and General like Royal London Equity Release are keen to see paperwork to show your situation in the form of investment statements.

How much is it common to release from a home

The more elderly you are and then the more illnesses you have you are, the more tax-free cash you can release

Mortgages for retired pensioners

Equity Release Providers

  • More to Life
  • Pure Retirement
  • LV lifetime mortgage
  • The Exeter Equity Release

Equity Release LTV Percentages

  • 55% monthly payment equity release The Exeter Equity Release
  • 40% loan to value (LTV) monthly payment lifetime mortgage Pure Retirement
  • 25% loan to value home reversion schemes United Trust Bank
  • 70% Key Solutions Lifetime Mortgages
  • 30% loan to value (LTV) monthly payment equity release Evolution Money

The lender will want to know if the property is a Detached freehold house or a Leasehold flat with a share of freehold and if the occupier is an AST Tenant.

Nationwide Mortgages For those Over 65s
Metrobank Equity Release

Do Key Solutions offer Equity Release?

Yes, Key Solutions Equity Release is 2.17% APRC.

Pensioner Mortgages

Equity Release Yorkshire Building Society YBS

Metrobank Lifetime Mortgage
Which? Equity Release Scheme
Yorkshire Bank Equity Release Scheme

Do Key Solutions offer Pensioner Mortgages?

Yes, Key Solutions Pensioner Mortgages are 1.94% MER.

YB-Yorkshire Bank Lifetime Mortgage
Which? Money Lifetime Mortgage
Legal & General Lifetime Mortgage

Lenders for Equity Release similar to Key Solutions Lifetime Mortgages

It’s very common to find people looking for home reversion schemes, monthly payment lifetime mortgage or monthly payment equity release, however, Legal and General like Royal London Equity Release are eager to see paperwork to show your circumstances in the form of pension statements.

  • Lifetime Mortgages for Pensioners
  • Just retirement equity release key features
  • NatWest Interest Only Lifetime Mortgage
  • Hodge Lifetime Mortgage Plus
  • Liverpool Victoria LV= Lump-Sum Plus Lifetime Mortgage
  • Stonehaven Equity Release
  • HSBC Equity Release Schemes
  • Royal Bank of Scotland Lifetime Mortgage

Do Key Solutions offer a retirement remortgage for homeowners over 60?

Yes, Key Solutions retirement remortgages for over 60s are a 3.42% MER variable rate.

Do Key Solutions offer a pensioner remortgage for retired homeowners over 60?

Yes, Key Solutions pensioner remortgages for the over 60s are 3.32% MER fixed.

Do Key Solutions do a later-life remortgage for people over 60?

Yes, Key Solutions’ later life remortgages for the over 60s are 3.46% MER fixed for life.

Do Key Solutions offer the best remortgage for retired over 60?

Yes, Key Solutions the best remortgages for the over 60s are 3.43% APR fixed for life.

  • More to Life Capital Choice Plan
  • Canada Life Landlord Voluntary Select Plan
  • Hodge Equity Release Plans
  • Key Solutions Lifetime Mortgages
  • Liverpool Victoria LV Equity Release Schemes
  • Bridgewater Equity Release Schemes
  • HSBC Lifetime Mortgage
  • Barclays Equity Release Schemes

Disadvantages of Key Solutions Lifetime Mortgages

Key Solutions Lifetime Mortgages can reduce the inheritance for your family. Home reversion schemes may impact entitlements to state benefits. You may need to pay a valuation fee, and you could have higher rates to pay with some plans.

Do Key Solutions offer Retirement Mortgages?

Yes, Key Solutions Retirement Mortgages are 2.04% MER.

Over 55 Home owner

Do Key Solutions offer Equity Release Under 55?

Yes, Key Solutions Equity Release Under 55 is 1.89% MER.

Do Key Solutions do a remortgaging option over 60?

Yes, Key Solutions remortgaging options for the over 60s are 3.65% AER variable.

Do Key Solutions offer mortgage calculators for over 60s?

Yes, a Key Solutions mortgage calculator for homeowners over 60 will show 3.68% MER fixed.

Do Key Solutions do RIO mortgages for people over 60?

Yes, a Key Solutions RIO mortgage for the over 60s is 3.2% APRC fixed.

Do Key Solutions do a retirement interest only mortgage over 60?

Yes, Key Solutions retirement interest-only mortgages for the over 60s are 3.96% AER fixed.

Uses of Key Solutions Lifetime Mortgages

Often used to manage inheritance tax bills interest rates can be attractive. Use the money to keep another family member away from a high LTV mortgage or pay down your debts, so you have more monthly disposable income.

https://www.ksmortgages.co.uk/lifetime-mortgages/

Do Key Solutions do Lifetime Mortgages?

Yes, Key Solutions does lifetime mortgages at 2.04% APR. Key Solutions Lifetime Mortgages can have a loan to value (ltv) of 75% – Updated For August 2024.