Equity Release Service - Telegraph Media Group - The Telegraph

WHY CHOOSE THE TELEGRAPH MEDIA GROUP EQUITY RELEASE SERVICE? Are you wondering whether releasing equity is right for you? You can discover how much you could release, access open and honest

financial advice, and compare plans from the whole-of-market with the Telegraph Media Group Equity Release Service, provided by Responsible Equity Release. If you decide to proceed, they

will facilitate the whole process for you. * Your home cannot fall into negative equity, meaning you will never owe more than the value of your home. * With a lifetime mortgage you will

retain 100% ownership of your property. It is completely yours. * The amount of cash that you receive from your home’s built-up value is all tax-free. MAIN BENEFITS OF EQUITY RELEASE Equity

release is a way for UK homeowners aged 55 and over to use the value that has built up in their home by turning it into tax-free cash in the bank. There are several options that you can

choose from to access this value: a lifetime mortgage, a home reversion plan or downsizing. Releasing equity from your most valuable asset could allow you to fund your long-awaited goals or

just make life feel a little more comfortable.  WHY DO HOMEOWNERS CONSIDER EQUITY RELEASE? There are many other potential reasons for choosing to release equity. It’s up to you how you use

the tax-free cash. You might find there are endless possibilities for you and your family. If you’re curious about how equity release works, help is at hand. The way in which you release

your equity is flexible. With Responsible Equity Release, you can choose between two primary product types, all from lenders that are members of the Equity Release Council:  LUMP SUM

LIFETIME MORTGAGE This allows you to release tax-free cash from your home in one lump sum. Should you choose not to make payments, the interest will simply roll up over time and be repaid

once you pass away or enter long-term care. It can be a good idea to use the option to make voluntary payments, should you be able to afford it, but there is no obligation to do so. DRAWDOWN

LIFETIME MORTGAGE This allows you to release a smaller initial lump sum and place the remainder into an interest-free reserve. You are only charged interest on the equity that you have

actually drawn down, so this can offer another way to control the cost of borrowing. The interest rate on your reserve will be fixed at the time you access it, so bear in mind that it could

be higher or lower than your initial rate. The balance of the money, plus any interest accrued, is usually paid off through the sale of your property when the last homeowner passes away or

enters long-term care. However, you can enjoy the freedom to make voluntary payments to reduce the build-up of interest or service the loan itself. These are completely optional, and you can

start and stop at any time. The drawdown feature is becoming an increasingly popular option, with Equity Release Council data indicating that 56% of customers opted for this in the first

quarter of 2024. This has been reflected in the service provided by Responsible Equity Release, with 72.2% of homeowners this year taking advantage of the drawdown option when releasing

equity. This has helped customers to structure their borrowing in a cost-effective way. By borrowing against the value of your property with a lifetime mortgage, you retain 100% ownership of

the home. However, you are not bound to remain in it. Should you decide to move later, you have the guaranteed right to sell and move to a new home with the lifetime mortgage, provided the

new property meets the lender’s existing criteria. In three simple steps, you could be beginning your journey to releasing equity with full support the entire way.  1. USE THE FREE ONLINE

CALCULATOR Simply complete the free equity release calculator on this page to receive an instant estimate of the tax-free cash that could be available to you.  You will also receive a free

guide to equity release via the method you select (email, post or both). Take your time to digest the information provided.  2. TALK TO RESPONSIBLE EQUITY RELEASE It’s important that you

receive honest and accurate information to assist with your decision, whatever stage of your journey you have reached.  If you provide a phone number, a member of the Responsible Equity

Release UK-based Information Team will be in touch with you to answer any questions and provide you with a personalised estimate. This will help to see if you are eligible, how much you

could release, and find out if your goals can be achieved by releasing equity.  Alternatively, you can phone them directly on 0333 0605 087.  3. RECEIVE TRUSTWORTHY ADVICE If you are happy

with the information you have already received and would like to know more, the Information Team can arrange a free, no-obligation appointment with an expert adviser, local to you.  The aim

of this appointment is to answer all your equity release questions and to assess the best option for you. The appointment can be carried out face-to-face, on the phone or via Zoom – it’s up

to you.  With Responsible Equity Release, your adviser will provide you with a whole-of-market comparison service. This means that your adviser will compare equity release products from

across the entire market, looking for the best features and interest rate available for your circumstances.  They will also help you to investigate other product options, including

conventional mortgage borrowing and retirement interest-only mortgages. Throughout a detailed fact-finding process, your adviser will make a recommendation of the best option for you,

whether that involves borrowing or not. Additionally, an advice fee, currently not exceeding £1,690, will only be charged if you take out a mortgage product with the help of your adviser. 

Your adviser will also help you to understand that taking from the value of your home now will reduce the value of your estate and could affect your entitlement to means-tested benefits.

Your adviser will go through the risks and the measures you can take to mitigate the impact of these risks in detail. The Telegraph Media Group Equity Release Service is provided by

Responsible Equity Release, which is rated 5* on Trustpilot, based on over 1,700 reviews.  With qualified advisers across the country, Responsible Equity Release is one of the UK’s largest

equity release specialists. You will be offered your own personal adviser as near to you as possible.    In addition to quality advice, you will benefit from a second check of your

application by the File Review Team, ensuring that what is recommended to you is the best option for you and your circumstances.  At your appointment with your expert adviser, your

circumstances will be assessed, and you will be told whether equity release is the best option for you. There may be another option that suits you better. All equity release products that

Responsible Equity Release will advise on meet the Equity Release Council's product standards, giving you peace of mind that you are in safe hands.  * WHAT CUSTOMERS SAY REBECCA MOORE

HANDLED THE TRANSACTION “Rebecca Moore handled all of the process in a very helpful and efficient way. Queries were followed up and dealt with promptly. If the occasion arose I wouldn’t

hesitate to use them again or recommend wholeheartedly the service.” Mr Hytch, 2023 A SIMPLE AND EFFICIENT RELEASE OF EQUITY “We saw the reference to Responsible Equity Release (RER) through

the Daily Telegraph and followed up from there. We are in our mid 70’s and have built up a reasonable investment portfolio. However, we had spent a chunk of this buying a boat and were keen

both to give our daughter help with moving house and to rebuild our ISA pot by releasing equity from our house. The whole process, with real help from the RER adviser and legal team has

been straightforward, efficient and personable. I would rate their service as excellent.” Ian S, 2022 SUCCESSFUL OUTCOME “I found David La Haye [adviser] was a consummate professional in

arranging my equity release mortgage. I had already approached other equity release providers but chose to go with Responsible Equity Release, as they were recommended by The Telegraph. I am

extremely satisfied with the outcome and would thoroughly recommend David and Responsible Equity Release. I look forward to receiving more equity release and would not hesitate to recommend

this company and David.” – Mr Smith, 2022 LEARN MORE ABOUT EQUITY RELEASE IMPORTANT INFORMATION A Lifetime Mortgage may reduce the value of your estate and may affect your entitlement to

means-tested benefits. To understand the features and risks, ask for a Personalised Illustration. 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. Equity release is only available to homeowners that own a property within the

United Kingdom. Responsible Equity Release is a trading style of Responsible Life Limited which 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 £1,690. *Responsible Life Data 01.01.2023 - 06.10.2023