Call us on 0800 464 3677
Home Equity Release Equity release calculator
We use essential cookies to make our website work properly when you visit us. We’d also like your consent to set other non-essential cookies to help us improve our website and tailor the marketing you see.

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

The benefits

  • 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

Potential drawbacks

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. 

See if equity release is right for you

Equity release costs

Knowing the costs associated with equity release and how to help manage them is important.

Compound interest explained | Lump sum vs Drawdown

Things to consider

Because we play by the book we want to tell you

  • 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.