See how much you could release from your home with our free equity release calculator. Get an initial estimate in just a few steps, with no obligation to proceed.
Simply put, the equity you have in your home is the difference between the current value of your property and the total sum of debts secured against it. These debts typically include any existing mortgage or secured loans. If you take out a lifetime mortgage, these debts would need to be repaid, and you can use the money released to do this.
How much you could release with a lifetime mortgage depends on factors including your age, property value and, in some cases, your health. Our free calculator can give you an indication of how much you might be able to release.
Understanding your home equity
Our calculator uses two main factors to give an indication of how much you might be able to release with a lifetime mortgage:
Generally, the higher your property's value, the more you may be able to release. Our calculator uses a minimum property value of £70,000, although individual lenders have their own eligibility criteria.
The amount you could release depends on your age. If you're applying jointly, the youngest applicant's age is used to calculate the estimate. Both applicants must be aged 55 or over.
Your estimate is a starting point, not a recommendation or an offer. If you'd like to explore your options, our team can arrange a conversation with an independent adviser.
They'll take time to understand your circumstances, explain the benefits, costs and risks of lifetime mortgages, and consider other options that may better meet your needs. There's no obligation to proceed.
Whether you're exploring equity release, planning ahead or reviewing an existing mortgage, we're here to help you understand your choices.
If equity release isn't right for you, we'll tell you. We can also help you understand other options worth considering, including different types of mortgages and alternatives to borrowing. There's no obligation to proceed.
Equity release isn't the only way to access money or manage your finances in later life. Other mortgage options may be worth exploring.
Understand how interest can build up, the fees and charges that may apply, and the different ways to release money.
Other ways to fund your plans may be worth considering, even if we don't offer them.
Our calculator provides an estimate of how much you might be able to release with a lifetime mortgage. It's a guide, not a guaranteed amount or an offer.
The amount available will depend on your age, property value, personal circumstances and the lender’s criteria. An adviser can help you explore your options and understand whether they’re suitable for you.
The main factors are your age and property value. If you're applying jointly, the youngest applicant's age is used. Your health may also affect the amount available with some lenders.
Other factors, including the type, condition and location of your property, can affect eligibility.
Yes, you may still be eligible. Any existing mortgage or loans secured against your property would need to be repaid when taking out a lifetime mortgage.
You can use some of the money released to repay these debts, although this would reduce the amount left available to you. Other mortgage options may also be worth considering.
With many lifetime mortgages, you don't have to make monthly repayments. Any interest that isn't paid is added to the loan and compounds over time, increasing the amount owed and reducing the equity remaining in your property.
Some plans allow voluntary interest payments or repayments to help manage the balance. The options and any restrictions depend on the plan. Learn more about compound interest .
Your estimate is simply a starting point. If you'd like to understand your choices, you can speak to our team or request a callback.
We can help arrange a conversation with an independent adviser, who'll consider your circumstances and explain suitable options, including alternatives to equity release. There's no obligation to proceed.