How does equity release work?


Equity release is quite a simple concept once you get your head around it. I will try to explain it here. The actual equity release mortgages are explained on the website but this bulletin will explain to you how the process of getting equity release works. First and foremost, most people like to get advice and this advice usually comes from an independent financial adviser. These IFAs can either be independent or with a firm of IFAs and some of the firms only specialise in equity release and home reversion.

Then, these IFAs will work through your options and give you what they believe to be best advice. If they decide equity release is for you then they will set up a plan with the best provider for your specific needs.

Responsible Equity Release is a trading style of Responsible Life Limited. Responsible Life Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register ( under reference 610205. Only if you choose to proceed and your case completes will Responsible Life Limited charge an advice fee, currently not exceeding £1,490. A lifetime mortgage may affect the value of your estate and your entitlement to means-tested state benefits. Our adviser will talk you through this and the setting up costs before you make any decision to proceed.

Responsible Life - Your Future, Protected.

Award winning equity release specialists.


0800 652 2955

Head Office

Responsible Life
Mills Bakery, Royal William Yard, Plymouth, PL1 3GE

Opening Times

Monday to Friday
9am to 8pm

9am to 5pm

Equity Release Awards - Finalist for Best Mortgage Adviser 2018

Copyright © Responsible Life Limited 2021. All Rights Reserved.