Equity Release Calculator

Looking for an enquiry release calculator? You can find one on our website and also access specialist advice to put those calculations into context.

Home Mortgage Calculators Equity Release Calculator
Pete Mugleston

Author: Pete Mugleston

Mortgage Advisor, MD

Updated: March 18, 2024

Our equity release calculator gives you an idea of how much capital you could release from your property if you took out a lifetime mortgage. Give it a try below and read through this article to find out how a retirement mortgage broker can help you get the most out of those calculations.

Equity Release Calculator

Use this calculator to determine how much capital you could unlock from your home through equity release, based on your age and the property's market value.

Estimate if you're unsure
£
For joint applications the amount you can release is based on the age of the youngest applicant
years old

Your Results:

The Maximum Equity you could release is

The amount is of your homes value, the maximum most borrowers your age can release.

Get Started with an Equity Release Specialist and find out exactly how much you could release.

Get Started

Calculators are great, but they don't tell you everything you need to know. If you'd prefer an expert advisor to help, fill this out!

How our equity release calculator works

The amount of equity you can release from your home with a lifetime mortgage comes down to your age and the value of the property. The older you are, the more equity you can release, usually up to just under 60% of your home’s value with most equity release providers.

Our calculator takes these numbers into account and helps you work out the maximum amount of equity you can unlock based on the age of the youngest homeowner and the property value. This calculator is free and does not require you to enter any personal details beyond your age.

The results, which are also relevant for interest-only lifetime mortgages, present your maximum equity release amount and reveal what percentage of your home’s value this would equate to.

Is a home reversion plan calculated differently?

The calculations used are similar to those of a lifetime mortgage, but the terms of the agreement and the way a home reversion plan works sets this type of equity release apart.

The minority of equity release providers who still enter these agreements usually offer eligible customers between 30% and 60% of their home’s market value as either a cash sum or regular payments, though it is also possible to sell the entire property to a specialist provider.

Bear in mind that most equity release experts do not recommend home reversion plans and would urge homeowners to consider lifetime mortgages or retirement interest-only (RIO) mortgages instead. This is because these alternatives can potentially provide the same amount of capital without you having to relinquish ownership of your property.

What you should do next

After calculating the amount of equity you can potentially release from your home, your next move should be to speak to a specialist equity release broker.

They can offer you bespoke advice to add context to your calculations and help you get the best deal based on them. The right equity release advisor will know exactly which provider is best placed to offer you a favourable deal based on your age, property value and requirements.

Call 0808 189 2301 or make an enquiry and our free broker-matching service will handpick an equity release advisor and set up a free, no-obligation chat between you and them today.

FAQs

No. They will be completely different as this is another category of lending altogether. Head over to our remortgage calculator page to work out your calculations for this.

Calculators are great, but they don't tell you everything you need to know. If you'd prefer an expert advisor to help, fill this out!

About the author

Pete, an expert in all things mortgages, cut his teeth right in the middle of the credit crunch. With plenty of people needing help and few mortgage providers lending, Pete found great success in going the extra mile to find mortgages for people whom many others considered lost causes. The experience he gained, coupled with his love of helping people reach their goals, led him to establish Online Mortgage Advisor, with one clear vision – to help as many customers as possible get the right advice, regardless of need or background.

Pete’s presence in the industry as the ‘go-to’ for specialist finance continues to grow, and he is regularly cited in and writes for both local and national press, as well as trade publications, with a regular column in Mortgage Introducer and being the exclusive mortgage expert for LOVEMoney. Pete also writes for Online Mortgage Advisor of course!

Read more about Pete

Pete Mugleston

Mortgage Advisor, MD

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