Is equity release a good idea?

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Is Equity Release A Good Idea?

If you are asking ‘Is equity release a good idea? You need to consider the following bullet points:

  • Could I use some extra money around the place?
  • Do I want to leave my actual property, rather than a monetary inheritance, to my beneficiaries?
  • Am I over the age of 55?
  • Do I think property prices may go up or down in the future?
  • Is there more I want to do in my retired years that I can’t currently afford to?
  • Do I want the comfort of a cash cushion to draw upon if needed?

If you do want or need some extra money around the place and you don’t want to leave your property intact to your beneficiaries, then equity release is a good idea. If you do want to leave your property, then there may be alternative ways to raise the money you require. It is a decision to make based upon your current and long-term needs.

If you feel property prices will increase in the future, then it may well be an even better idea because the money you take now will be offset by future house prices. If you believe property prices will fall, then you will be comforted to know all equity release plans carry a no negative equity guarantee which promises that no matter how low house prices go in the future, you will never owe more than the value of your home.

Of course, it is important to get financial advice when determining whether it is a good idea or not, based on your personal circumstances.

Use our free online calculator to find out how much you could release today and receive a free guide: http://www.responsibleequityrelease.co.uk/equity-release-calculator/ 

Could equity release help you? Call us now and speak to a dedicated account manager who will give you all the information you need.

0800 652 2955


A Lifetime Mortgage may reduce the value of your estate and 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. Only if your case completes will Responsible Life Limited charge an advice fee, currently £1,295.

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 (https://register.fca.org.uk/) 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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