How does the recession affect the equity release market?


The equity release market, like everything else, will always be affected by the recession. However, not in the ways you might think. The demand for equity release will not really be affected. What will be affected, however, is the reasons that people release equity for. Surprisingly, home owners are releasing equity in order that their offspring can move back into the family house. With redundancies on the up and unemployment rapidly rising, many young families are struggling to make ends meet. Thus their parents are releasing equity to make home improvements and extensions to accommodate their children and the new families that they have made.

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.

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