What is equity release?

Equity release works by allowing you to access some of your home’s value, tax-free.

Is equity release for me?

If you’re a homeowner aged 55+ and looking for ways to release some funds in your later life, perhaps to fulfil some long-held dreams, or to renovate your home, equity release might be for you.

The most common type of equity release product is a Lifetime Mortgage, though other types of later life lending also allow you to take advantage of your home’s value. Royal London have chosen Responsible Life to provide our customers with advice on Later Life Lending products. They'll help you to consider the available options.

Find out how much you could release with the equity release calculator.

Equity release could be the right choice for you, if you:

are over 55

want to release at least £10,000

own your home and it’s worth at least £70,000

The equity release calculator provided by Responsible Life can give you an estimate of how much you could release from your home. You get an estimate in minutes, plus a guide to equity release.

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Working together for you

We work with Responsible Life to provide our Later Life Lending Service. They are specialists who help customers aged 55+ release money from their homes. Our Later Life Lending Service allows you to consider the available options.

Got a question about equity release? The Responsible Life team are here to help.

0800 023 9312

Free from UK landlines and mobiles

Mon to Fri: 9am-8pm. Sat: 9am-5pm.

Royal London have chosen Responsible Life to provide our customers with advice on Later Life Lending products. Responsible Life are not part of the Royal London Group.

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.

If you choose a mortgage with required repayments during your lifetime then your home may be repossessed if you do not keep up with the payments. A Lifetime Mortgage may impact the value of your estate and could affect your entitlement to means tested benefits. Think carefully before securing other debts against your home.

To understand the features and risks, ask for a Personalised Illustration. Responsible Life’s adviser will talk through the setting up costs of a mortgage before you make any decision to proceed. Only if you choose to proceed and your case completes will Responsible Life charge an advice fee, currently not exceeding £1,490.

If you take out a product recommended by Responsible Life, Royal London Marketing Limited will receive a fee, for this introduction. If you would like further details about this fee, Responsible Life will be able to provide you with this. More information about Responsible Life and how your information is processed is available on their privacy notice. Find out how Royal London manages your personal data.

Royal London Marketing Limited is authorised and regulated by the Financial Conduct Authority, registration number 302391. Registered in England and Wales number 4414137.

Responsible Life's registered office is: Unit 8, ABC Killinghall Stone Quarry, Ripon Road, Harrogate, HG3 2BA. Registered in England & Wales. Company number 7162252.