Free whole of market equity release advice
What is Equity Release?
Equity release is a way for asset-rich homeowners over the age of 55 to access
the wealth tied up in their property to fund ambitions, without having to sell it or move out.
The most popular type of equity release is known as a Lifetime Mortgage, where you retain 100% ownership and the deeds to your property.
Whole of market
Our chosen partner offers Lifetime Mortgages from whole of market lenders approved by the Equity Release Council
Free, no-obligation information tailored to your personal circumstances from the experts.
Trusted and safe
Our award-winning partner is authorised and regulated by the Financial Conduct Authority with an 9.8 Trust Pilot rating.
Compare the facts and figures. Use our free equity release calculator now
The first step to find out more is to use our easy equity release calculator tool to see how much tax-free cash you could release based on the latest interest rates:
How it works
Calculate your equity
Enter your property and personal details. We’ll send you an instant estimate of how much you could release from your home.
Receive your guide
Read the pros and cons of equity release, along with real-life case studies in your own time to assist with decision making.
Free personal advice
Have your questions answered over the phone, before booking a free face-to-face meeting with an Equity Release Specialist.
Why homeowners are releasing equity in record numbers
- Fund a more comfortable lifestyle or dream holiday
- Top up their monthly income in retirement
- Clear debt or mortgage
- Gift early inheritance by helping children and grandchildren
- Finance home renovations and garden improvements
- Buy a second-home or holiday house
- As an alternative to downsizing
Find out if you're eligible for equity release by taking our quick quiz.
Do I qualify for a Lifetime Mortgage?
- I’m 55+ (minimum age lenders will accept)
- UK resident and own my home
- My property is located in the UK
- My property’s value is at least £70K
- Mortgage free or able to repay existing mortgage on completion
- I plan to release a minimum of £10,000
Your expert adviser will clearly explain your eligibility and only recommend lifetime mortgages that best suit your circumstance.
Different Types of Equity Release
There are three main types of equity release that we recommend, giving you the flexibility to choose the right scheme for you. These include Flexible, Roll-up and Drawdown Lifetime Mortgages.
We only advise on Lifetime Mortgages where you retain 100% ownership and the deeds to your property. We will recommend plans from whole of market lenders approved by the Equity Release Council, and, with over 80 equity release plans available, you can be sure that we will find the right plan for you.
Frequently asked questions
What is equity release?
Instead of a traditional mortgage where you purchase a home and build your equity by making repayments, a lifetime mortgage advances you money secured against your property’s equity.
Unlike a traditional mortgage, there are no compulsory monthly repayments to make.
The equity is yours to take out tax-free and the amount you take comes assigned with a lifetime fixed interest rate (variable rates are now available too).
Instead of making monthly interest payments, the interest gets added to the balance. Alternatively, you can make interest payments on a monthly or flexible basis.
There is no end of term – it’s designed to run for your life. Though you can move it to another suitable property subject to lending criteria.
What is the Telegraph Equity Release Service?
The service provides our readers with factual information, ideas, literature and illustrative content to help you decide if equity release is right for you.
If after reading, you would like to take the next steps and get personalised advice, our service has a helpline to discuss your needs.
If you like what you hear and want to learn more, it offers no-obligation, free, initial face-to-face consultations with a local adviser.
Your personal, local adviser will provide a recommendation to you, which could include not releasing equity.
If they recommend an equity release plan, they arrange for the application and completion of the plan with the chosen product provider.
It is a legal requirement to receive financial advice before completing an equity release plan so it’s not something you can do without the Telegraph Equity Release Service or another similar service.
I’ve read enough for now and I’m ready to take my enquiry further. What do I do?
With our appointment scheduling tool, you can book an appointment with a specialist to discuss your enquiry and answer any questions you may have.
Alternatively, you can call the helpline on 0333 414 6185 who can give you live, personalised figures and answer your questions. There are no automated menus, give the number a call and you will be connected directly to a UK specialist.
If you want to see figures live online, you can use the calculator on this page. Enter your details accurately, the system will verify them and provide you with up-to-date figures on how much you can release.
Why choose the Telegraph Equity Release Service?
Our trusted service will provide you with all you need to research, enquire, decide and, if all agreeable, proceed with a type of equity release plan called a lifetime mortgage.
The range of products available includes every lifetime mortgage available from lenders approved by the Equity Release Council. This currently includes over 80 plans.
Our service provides face-to-face consultations with one of the team of local financial advisers who specialise in equity release. Across the team there is 100s of years of experience discreetly and expertly advising clients just like you.
Unless and until you go ahead and complete a plan, our service is completely free and without obligation. Only if you choose to take proceed with an equity release plan, and then receive your money will a fee be payable.
Will I still own my own home?
If you take out a Lifetime Mortgage you will remain the owner of your home. The deeds remain in your name and you also have the right to remain in your property for as long as you live.
Will I lose my home?
Equity release advice and plans are fully regulated by the Financial Conduct Authority (FCA), ensuring that customers who take out an equity release plan are protected throughout the whole process.
At Responsible Equity Release, for your extra safety, we only recommend plans from Equity Release Council approved lenders.
All of these plans allow you to remain in your property until you and your partner pass away or move into long term care. You are not at risk of losing your home, this is guaranteed and is written into the offer that you and the lender will sign.
Who is the Equity Release Council?
The Equity Release Council is an organisation which promotes safe equity release lenders. A plan from an Equity Release Council approved lender means you get total peace of mind through their safety guarantees:
- You have the right to remain in your home for as long as you choose.
- The freedom to move to another property without financial penalty (subject to lending criteria).
- A ‘no negative equity’ guarantee, so you never owe more than the value of your home.
At Responsible Equity Release, we think it’s important that this advice is not tied to any particular equity release provider. As well as searching the whole of the market from lenders approved by the Equity Release Council, we’ll give you straight forward and clear advice, even telling you if equity release isn’t right for you.
Schedule An Appointment
Equity release has seen a huge number of changes to the market, with more new entrants, product features, updates and rate changes than any other year we can remember.
Let’s make sure that your information is fresh and up to date.
Book in your telephone call with one of our specialists who can provide you with the latest information personalised to your circumstances – all for free and with no-obligation.
The Telegraph has chosen Responsible Equity Release to provide its customers with a range of trusted equity release lenders approved by the Equity Release Council.
Responsible Equity Release is one of the UK’s largest equity release specialists made up of fully qualified and highly experienced advisers nationwide. They combine an old-fashioned service with efficient, modern processes.
A Lifetime Mortgage may reduce the value of your estate and may affect your entitlement to means-tested state benefits. To understand the features and risks, ask for a Personalised Illustration.
Responsible Equity Release is a trading style of Responsible Life Limited, which is authorised and regulated by the Financial Conduct Authority.
The FSA registration number is 610205.
Only if you choose to proceed and your case completes will Responsible Life Limited charge a fee, currently not exceeding £1295. An adviser will talk through the costs of setting up a lifetime mortgage before you make any decision to proceed.
Think carefully before securing other debts against your home. By consolidating your debts into a mortgage you may be required to pay more over the entire term than you would with your existing debt.
In using this website I give express consent to the Responsible Life Ltd to call me on the number provided from time to time. Calls may be recorded for training and quality purposes.