Find freedom in later life with a lifetime mortgage

Use the value of your home to broaden the horizons of your retirement.

Recent research has indicated that increasing numbers of over 65’s are returning to work having already retired, with finances being a primary motivation for doing so. Figures indicate that as many as 30% of those questioned were returning to work with an eye on achieving financial stability, which may be related to the stat that one in three was reliant solely on a State Pension.1

Fortunately, for over-55 homeowners there may be a solution. Rather than returning to work through necessity, the value of their home could help provide the financial boost they desire. Unlocking a portion of their property wealth with a lifetime mortgage, the UK’s most popular equity release product, could provide them with a tax-free cash boost they need to enjoy their golden years to their fullest.

A lifetime mortgage, unlike a home reversion plan, allows over-55 homeowners to access a part of their property wealth whilst retaining full homeownership for life. There are no required monthly payments to make, with interest simply accruing over time. The amount borrowed, plus interest, is repaid when you and your partner pass away or enter long-term care. This is usually done through the sale of the house. A lifetime mortgage provided by a lender approved by the Equity Release Council also comes with a number of safeguards for your peace of mind. These include the ‘No Negative Equity Guarantee’, which ensures you will never owe more than the value of your home or pass on any lifetime mortgage debt to your heirs.

There are a diverse range of products available, meant to suit the varying needs and ambitions of the UK’s over-55 population. Lifetime mortgages typically feature interest rates that are fixed for life, meaning you will know in advance how much it will cost. However, variable rates are also available. Most are portable, meaning you can move in the future should you wish, provided that the new property meets the lender’s criteria. Our team of Equity Release Specialists are on hand to discuss the various options with you and provide a personalised illustration, detailing how any plans you are interested in may reduce the value of your estate and affect your entitlement to means-tested state benefits.

The tax-free cash released from your home is yours to spend entirely as you wish. Most use the cash to clear an existing repayment mortgage, with the remainder then used to provide a more comfortable and fulfilling retirement. Once the existing repayment mortgage is cleared, the remainder of the cash is yours to spend as you wish. The choice really is yours. You could see more of the world or transform your home. You could even help your family. With the above research also highlighting that as many as one in four were providing help to younger members of their family, your property value could make a big impact to your family’s future as an early inheritance.

Equity release has changed since the introduction of regulation. Now, regulated access to your property wealth could have a big impact on your later life. We have helped our customers release an average of £78,580 from their homes so far in 2018.2 What shape could your golden years take with a significant tax-free cash boost of your own? 

Use our free online calculator to find out how much you could release today: 

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

01752 422 930

1 This is Money, ‘One in five workers aged 65-plus tried to retire but changed their minds, study shows’, 26/07/18
2 Responsible Life data, July 2018.

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    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.

    This is a Lifetime mortgage which may reduce the value of your estate and may affect your entitlement to state benefits. To understand the features and risks ask for a personalised illustration.

    Any information contained herein is a personal opinion of the author and should not be considered to be advice of any kind. Inheritance Tax planning is not regulated by the FCA. 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.

    Only if you choose to proceed and your case completes will Responsible Life Limited charge an advice fee, currently not exceeding £1,490. Our adviser will talk through the setting up costs of a lifetime mortgage before you make any decision to proceed.