Equity release calculator

Welcome to EquityRelease.co.uk

Compare the whole equity release market with EquityRelease.co.uk. We compare over 50 equity release plans to help you find the best deal. Our quick and easy-to-use equity release calculator delivers instant results, so you can find out how much money you may be able to release from your home. Equity release allows homeowners over the age of 55 to enjoy retirement, repay debts, and obtain a more comfortable lifestyle by releasing equity tied up in their home without having to move. Use our website to learn more about how equity release works, and about the types of equity release available. All equity release schemes we compare are covered by Equity Release Council safeguards, and the partner we work with is authorised and regulated by the Financial Conduct Authority. Your equity release calculation will also be completely obligation free. Equity release will reduce the value of your estate, and may affect your entitlement to means-tested benefits. The most popular type of equity release is the lifetime mortgage; a loan secured against your property. You should always think carefully before securing a loan against your house - we recommend that anybody considering equity release reads 'Is it right for you?' carefully before proceeding.

Equity Release Products

Equity release has two types of schemes: lifetime mortgages, the most popular form of equity release; and home reversion plans. Our partner's specialist advisers will guide you through the schemes available to you and only recommend the products most suited to your individual circumstances.  

To find out more about the differences between the available methods of releasing equity, please read our guide on the types of equity release.  

Equity release will reduce the value of your estate, and may affect your entitlement to means-tested benefits. The most popular type of equity release is the lifetime mortgage; a loan secured against your property. We recommend that anybody considering equity release reads 'Is it right for you?' carefully before proceeding.

Equity Release: The Facts

Equity release schemes allow you to unlock some of the value tied up in your home and release the equity as a tax-free cash lump sum. You can then use the money for any purpose - whether you want to go on the holiday of a lifetime, buy your dream car, transform your home, or pay off those credit cards.

You won’t have to move home, and if you choose a lifetime mortgage then you also keep ownership of your property, no matter how much equity is released. Additionally, there is no threat of negative equity for you or your loved ones as plans backed by the Equity Release Council guarantee that you will never owe more than the value of your home.

Unlike a regular loan or mortgage, with a lifetime mortgage there are typically no monthly repayments to make as the loan, plus roll up interest, is repaid when the plan comes to an end. If you are worried about the effect equity release may have on the inheritance of those closest to you, there are additional options available. Some equity release plans offer inheritance protection guarantees, meaning you can specify a percentage of your home's future value to be handed down to your loved ones.

Equity release will reduce the value of your estate, and may affect your entitlement to means-tested benefits. The most popular type of equity release is the lifetime mortgage; a loan secured against your property. You should always think carefully before securing a loan against your house - we recommend that anybody considering equity release reads 'Is it right for you?' carefully before proceeding.

Am I Eligible to Release Equity?

To be eligible for our compared equity release schemes you must satisfy the following criteria:

• You must be a UK homeowner.

 

• You or the youngest applicant of the couple must be aged 55 or over.

 

• Your property must meet minimum property values.

 

• The construction and type of property will also affect your eligibility and the amount of equity you can release.

Equity release will reduce the value of your estate, and may affect your entitlement to means-tested benefits. The most popular type of equity release is the lifetime mortgage; a loan secured against your property. We recommend that anybody considering equity release reads 'Is it right for you?' carefully before proceeding.