Responsible Equity Release
Age Concern Liverpool & Sefton are delighted to introduce a new financial option for homeowners in the local area. By partnering with award-winning equity release specialists Responsible Equity Release, Age Concern Liverpool and Sefton are adding to their range of responsibly sourced products and services to help their customers in later life. Age Concern Liverpool & Sefton have used their knowledge of the commercial market to source the best providers for a variety of products including financial planning and pension advice, legal services including wills, power of attorney and asset protection trusts, travel insurance and daily living aids. Responsible Equity Release have joined that collective of services which are aimed at providing you with reliable sources of assistance and advice in later life.
What is equity release and how can it help me?
Equity release is a financial product which allows you to access money secured against the value of your home. The most popular equity release tool is a lifetime mortgage which allows you to access your property’s wealth in a tax-free lump sum, or to reserve those funds for later use. Releasing equity is a great way to gain funds for those in later life because lifetime mortgage products do not require affordability checks and are primarily based on the value of the home and age of the youngest homeowner. In partnering with Responsible Equity Release, Age Concern Liverpool & Sefton have sourced a principled and reliable provider of a product which is becoming increasingly popular.
Lifetime mortgage products can be highly varied and include features to protect your interests, based on your unique situation. Responsible Equity Release source products from many different lenders and are proud to provide customers with a breadth of choice and help them to assess the best option. Advisers will also discuss with you the alternatives to equity release, and the impacts of each option, to reach a decision as to whether equity release is the best option for you.
Responsible Equity Release is a registered member of the Equity Release Council which regulates the product and ensures the inclusion of specific safeguards which protect customers and help to alleviate risk. These protections are very important and are at the forefront of the service that Responsible Equity Release provide. The provision of a no-negative equity guarantee, for example, means that with a lifetime mortgage you can never owe more than the value of your home, and will not pass on lifetime mortgage debt to your family.
With a lifetime mortgage you also have the right to remain in your home for life and retain full ownership of your property. As you are releasing equity from your property now, the value of your estate may be reduced over time. The qualified and personal advice provided by Responsible Equity Release will help you to assess how you want to use your property’s value and the amount you want to release, based on your personal circumstances. Your adviser will also provide you with a personalised illustration to help you understand the features and risks, including how releasing equity could affect your entitlement to means-tested state benefits.
To find out more about equity release, or to book a no-obligation face-to-face appointment contact Age Concern Liverpool & Sefton today on 01704 542993.
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 not exceeding £1,295. Our adviser will talk through the setting up costs of a Lifetime Mortgage before you make any decision to proceed.