Equity release is the act of releasing money that is held within the value of your property while you're still living there. It can help homeowners over the age of 55 achieve a variety of goals, from gifting an early inheritance or improving your home, to clearing an existing mortgage. We're here to help you decide if this is right for you.Calculate now
Equity release is the process of turning your home’s value into tax-free cash in the bank. At Responsible Life, we offer advice on the most popular product, a Lifetime Mortgage. With this, you can borrow from the value of your home and enjoy the freedom of choosing whether to make payments in your lifetime. The full amount borrowed, plus interest, is only repaid when the last homeowner passes away or enters long-term care. To find out more details download our guide to the equity release process.Download your guide
If you want to access some of the money tied up in your home, a Lifetime Mortgage is not your only option. There are other types of equity release products and alternatives that might suit your needs better. For example, you could consider a Retirement Interest-Only Mortgage or a traditional mortgage. You could also explore other ways to fund your plans for later life, such as downsizing to a smaller property or using your savings.
Your Responsible Life adviser will help you compare the pros and cons of each option and advise you on the best choice for your situation.
For more information on these options just click the button below.