Press Coverage

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What the press have been saying about Responsibility & Equity Release

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“Today, he is capitalising on the increased value of his home by withdrawing some of the equity from the property to pay for home improvements. He is one of a growing number of homeowners using equity release to pass on cash to their children, or grandchildren, while they are still alive.


Alvin Hall. BBC August 2011



“Ms Rozario and SHIP have done a great deal to improve the reputation of this corner of the industry since the home-income plans scandal of the Nineties.”


Ian Cowie. Daily Telegraph. August 2011


“Increasing numbers of people are entering retirement with inadequate pension pots as well as considerable debts. The situation is exacerbated by low annuity rates. Against this backdrop, and given that the biggest asset for many people is their home, it looks to be only a matter of time before equity release becomes an integral part of retirement planning.”


David Black. Defaqto. August 2011



“Around two million people over the age of 50 say they will rely on their property, not a pension, to pay for their retirement, a study reveals today. The report says the number of ‘hippies’ � the name coined for people who use their home as a pension � has soared in recent years. As the stock market has collapsed, more and more people are relying on bricks and mortar to pay for their old age.”


Beck Barrow. Daily Mail. September 2011



“Poor returns on pensions push millions to rely on homes to fund retirement”


Headline .This Is Money. September 2011



“But equity release, done right, is an efficient way of taking money from your home. It shouldn’t leave your family struggling with a debt they can’t afford to repay after you have gone. Rates are under 7 per cent � certainly few banks would be prepared to offer a personal loan to a pensioner at that price. If you want a dream holiday, new car or are simply worried about day-to-day expenditure, there are no cheaper options. It also allows pensioners to stay in their home and prevents them from downsizing to an area away from their friends. However, perhaps the hardest thing to grapple with is telling your loved ones you are going to take equity out of your property � essentially, money from their inheritance. If it were my parents, I’d gladly sacrifice a few thousand pounds inheritance for the sake of them having a comfortable retirement.”


James Coney. Daily Mail. July 2011



“Equity release companies are much more respectable than in the past. Make sure you choose a provider that is a member of SHIP. Its strict code of practice guarantees no customer will be forced to leave their home or owe more than their property is worth.”


Lauren Thompson. Daily Mail. July 2011



“”Increasing numbers of people are entering retirement with inadequate pension pots as well as considerable debts. The situation is exacerbated by low annuity rates. Against this backdrop, and given that the biggest asset for many people is their home, it looks to be only a matter of time before equity release becomes an integral part of retirement planning.”


David Black. Defaqto. August 2011


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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 (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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