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Equity Release Service - Telegraph Media Group

Different Types of Equity Release

There are two main types of lifetime mortgage that Responsible Life recommends, depending on whether you choose to access your equity in one lump sum or as an initial lump sum with an interest-free reserve. You will have the flexibility to choose the option that is right for you.


Roll-up Lifetime Mortgage

This product allows you to release a tax-free cash lump sum from your home. You are under no obligations to make monthly payments and interest will roll up over time.


Drawdown Lifetime Mortgage

This product allows you to release a smaller initial lump sum and place further equity into an interest-free reserve. As with a roll-up product, there are no obligations to make payments, but you are only charged interest on the equity that you have actually drawn down.

There are flexible options within both roll-up and drawdown plans, allowing you to make optional repayments of up to 10% of the mortgage value per year.


Responsible Life will only advise on lifetime mortgages where you retain 100% ownership and the deeds to your property. All the products meet the standards and principles set out by the Equity Release Council, so you have the peace of mind of knowing that you and your family are protected by customer-focused safeguards.

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Sebrina Pilcher

Update: 2024-05-24