Equity release calculator

How much money could you unlock from your home?

Give our equity release calculator a go

Our calculator will give you an idea of just how much money you could release from your home. Simply choose your age, property type and estimated property value.

As a reminder – equity release is a way of turning some of the value from your home into tax-free cash.  It's a long-term loan you can apply for once you're aged 55 or over. And it's normally repaid using your home one you pass away or need long-term care. 

The type of equity release we offer is called a lifetime mortgage.  

Important things to keep in mind

If you decide to take a lifetime mortgage:

  • You could reduce the amount of inheritance you'll leave behind 
  • It may affect your tax position and welfare benefits you’re entitled to 
  • Interest will be added yearly on the amount you've already borrowed and any interest already added – it's known as compound interest
  • Remember it's a lifetime commitment – and if you decide to end the loan sooner, you may need to pay a substantial early repayment charge
  • You must speak to a financial advisor first

Try our equity release calculator

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You could release up to

The amount shown is only an indication, and isn't guaranteed. To calculate this amount, we compare your age and property value to our 'loan to value' table. This allows us to work out what percentage of your home's value is available to you.

Sorry, based on your selection we are unable to provide you with an estimated amount. Call us free on 0800 141 3517 to discuss your options.

Are you eligible?

The amount of equity you can release depends on several factors such as age, property value and property type.

To apply for a lifetime mortgage, you'll need to:

1) Be aged 55 or older (for joint applications, all applicants must be over 55).

2) Own a home within the UK (excluding the Isle of Man and the Channel Islands) worth £75,000 or more.

3) Want to borrow at least £15,000.

4) Live permanently in your home. The property must be your main residence and shouldn't be unoccupied for more than six months at a time.

5) You are mortgage-free, or have only a small mortgage on your property. Not paid off your mortgage? No problem you can still apply. Any outstanding mortgage debt can be paid off using the money you receive.

Get to grips with equity release

Find out more about equity release and what it means to take a lifetime mortgage. Decide whether it's suitable for you. 

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