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The above article was created for Telegraph Media Group Financial Solutions, a member of Telegraph Media Group Limited. For more information please click here. Equity release is only available to homeowners that own a property within the United Kingdom.
If you choose a mortgage with required payments during your lifetime, your home may be repossessed if you do not keep up with the payments. Borrowing with a lifetime mortgage or retirement interest-only mortgage will reduce the value of your estate. Receiving a cash lump sum may also affect your entitlement to means-tested benefits. Think carefully before securing other debts against your home.
Royal London Equity Release Advisers does not provide advice on inheritance tax and recommends that customers seek specialist guidance on this matter. Inheritance tax planning is not regulated by the Financial Conduct Authority or the Prudential Regulation Authority. Tax treatment depends on your individual circumstances and may be subject to change in the future.
The Telegraph Media Group Equity Release Service is provided by Royal London Equity Release Advisers. Royal London Equity Release Advisers is a trading style of Responsible Life Limited which is registered in England & Wales. Company No. 7162252. Registered Office: Princess Court, 23 Princess Street, Plymouth, PL1 2EX. 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.
Responsible Life Limited is a wholly owned subsidiary of the Royal London Group who may benefit if you choose to take regulated mortgage advice. Being a wholly owned subsidiary of the Royal London Group does not alter Responsible Life Limited’s regulatory responsibilities.
Only if you choose to proceed and your case completes will Responsible Life Limited charge an advice fee, currently not exceeding £1,690. Their adviser will talk through the setting up costs before you choose to proceed.
