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Find out how much you could release with our equity release calculator
Our equity release calculator will tell you if you’re eligible for equity release and let you know how much you may be able to release.
How your results are calculated
A number of factors contribute to how much you could release. The main factors are
Age: The youngest person named on the deed needs to be aged 55 and over and the amount you can release will be based on the youngest applicant.
Property Value: You must own a property worth at least £70,000.
What happens next?
After your initial calculation, you'll receive a call from us to discuss your calculation and should you wish to, you'll be able to book an appointment.
Our advisers will help you compare the different plans and features, helping you consider all your options, such as inheritance protection.
During the initial consultation, all our advice is free and simple with no obligation to go ahead.
Why use our calculator?
It’s simple to use – just pop in a few basic details such as your age and property value, and it will give you an estimate of how much tax-free cash you could potentially release from your home. Don’t worry if you don’t know the exact value of your property, you can estimate it.
Quick, simple and free to use
Results in seconds
No obligation to proceed
Find out about the plans available and their features
Compare plans from the following providers
You can unlock cash from your home, tax-free, to help meet your needs in later life
You’ll always retain full ownership of your home and can stay in it for as long as you wish
You can choose to make reduced or no monthly repayments to suit your circumstances
You’ll never owe more than your home’s worth
You may be able to remortgage your plan in the future to release further funds or secure a better interest rate, although this isn’t guaranteed and may be subject to early repayment charges
Your equity release adviser will also outline the following important things to think about:
A lifetime mortgage is a loan secured against your home and subject to compound interest, meaning the amount you owe can grow quickly
Equity release will reduce the value of your estate and may affect your entitlement to means-tested benefits
Equity release may leave you with limited or no property equity remaining
Equity release will reduce your financial options in the future
A lifetime mortgage is a long-term financial product and is not designed to be fully repaid until the death or entry into long-term care of the last remaining borrower, otherwise early repayment charges may apply
Your other options
Before deciding on equity release, it's important you're aware of some of your other later life finance options.
Mortgage Advice Bureau Later Life offer lifetime mortgage products from a carefully selected panel of providers.
Mortgage Advice Bureau Later Life offer lifetime mortgages only, which is a loan secured against your home.
As part of our advice process, we'll consider whether retirement interest-only (RIOs) and other mortgages may be suitable and can arrange advice on these if appropriate. Advice fee will vary.
Unless you decide to go ahead, our service is completely free of charge, as our fixed advice fee of £1,295 would only be payable on completion of a plan.
With a lifetime mortgage there are typically no monthly repayments to make, as the loan plus compound interest is repaid when the plan comes to an end. This is usually when you or the last surviving applicant dies or moves into long term residential care.
Equity release will reduce the value of your estate and may affect your entitlement to means tested benefits.
A lifetime mortgage may result in limited or no property equity remaining and will reduce your finanical options in the future.