Free Equity Release Calculator · United Kingdom
How much equity could you release from your home?
Wondering how much money you could release from your property without moving home?
Explore how much you might be able to release, what could remain after repaying an existing mortgage, and how lifetime mortgage costs could grow over time.
No name, email address or telephone number required to see your results.
Enter your age, property value and any outstanding mortgage to see your illustrative figures.
Equity release is not suitable for everyone. Interest on a lifetime mortgage can build up over time, reducing the value of your estate and the inheritance you may leave. It may affect entitlement to means-tested benefits. Results are illustrative only, not financial advice or a mortgage offer.
Ready to explore your numbers? Open the calculator to see what your home equity, illustrative borrowing amount and possible cash remaining could look like.
How does our equity release calculator work?
Our free United Kingdom equity release calculator uses three details to estimate the value tied up in your home and show an illustrative amount you might be able to borrow.
For a joint application, use the age of the youngest applicant.
Enter an estimate of your property's current market value.
Include mortgage or secured borrowing that would normally need to be repaid.
The calculator first estimates your property equity. It then uses a sample borrowing percentage linked to age to illustrate the potential gross equity release. Finally, it deducts your outstanding mortgage to estimate the cash remaining before fees and charges.
The percentages vary between equity release providers and mortgage plans. This is a guide, not a lender quotation, and the result does not tell you whether equity release is suitable.
What do your equity release calculator results mean?
A property can contain a great deal of equity, but that does not mean you can borrow the full amount. It helps to separate the three numbers.
Illustrative example: You are 65, your home is worth £350,000 and you have £50,000 left on your mortgage. Using the calculator's sample percentage of 35.5% for age 65, the figures would be:
Before fees. This is an illustration, not an offer, and a lender might offer a different amount or none at all.
Why might the amount you receive be lower?
If you have an existing mortgage, it will normally need to be cleared first. The remaining amount may also be reduced by applicable advice, lender, valuation and legal fees. If the illustrated loan is not enough to clear the mortgage, there may be no cash remaining under those assumptions.
The important question isn't just “How much can I release?” It is “How much could I actually receive — and how much would I owe later?”
Equity release calculator by age: illustrative borrowing percentages
Your age can affect the amount you might be able to release from your house. Different providers have different limits, so the percentages below are sample assumptions used by this calculator, not a market average or a promise of what any provider will lend.
The calculator estimates between the listed ages using a straight-line calculation. These figures are not verified current market averages or universal maximum borrowing percentages.
What could a lifetime mortgage cost over time?
Knowing what you might be able to borrow is only half of the decision. With some lifetime mortgages, you can choose not to make monthly payments. If interest is added to the loan, it can compound and increase the amount owed over time.
Our calculator lets you explore a hypothetical interest rate, different loan amounts and voluntary monthly repayments over five to 30 years. These figures are not current mortgage rates, forecasts or repayment promises. The calculation excludes lender fees, early repayment charges and possible changes in your home's value.
For the detailed explanation of equity release fees, charges, dangers, risks and alternatives, see our Learning Hub guide. If the decision is raising concerns about family or inheritance, you may find our Equity Release Worries article helpful too.
What can't this equity release calculator tell you?
The calculator does not assess whether a particular mortgage provider will accept your property or confirm your eligibility. It cannot assess property condition, joint-borrower circumstances, health-related lending criteria, existing benefits, the costs of legal advice or how future interest rates and house prices may change.
Most importantly, it cannot tell you whether taking a lifetime mortgage is better than downsizing, using savings or considering a retirement interest-only mortgage. Those choices require a closer look at your income, other assets, aims and plans for later life.
Frequently asked questions about using the equity release calculator
Does the calculator deduct my existing mortgage?
Yes. It shows the illustrative gross borrowing amount and then deducts the outstanding mortgage you entered. The cash remaining is shown before any applicable fees and charges. If your mortgage is larger than the estimated borrowing, the calculator shows no additional cash under those assumptions.
Are the borrowing percentages average equity release rates?
No. The age-based percentages are illustrative borrowing assumptions, not average interest rates or verified market-wide lending limits. Actual percentages vary between providers and products. An individual lender may offer a different amount or may not be able to lend at all.
Does the calculator take my health or property details into account?
No. This simple tool uses age, estimated property value and outstanding borrowing. Some product options depend on individual health information, property characteristics and lender rules. Only a personalised assessment can explore those factors.
Does the interest calculation include fees or early repayment charges?
No. The lifetime mortgage cost illustration uses your selected amount, hypothetical fixed interest rate, time period and any monthly repayments. It excludes fees, early repayment charges, further borrowing, changes in interest rates and house-price movements.
Can I compare monthly repayments in the calculator?
Yes. Open the lifetime mortgage cost section and change the voluntary monthly repayment field. You'll see how the illustrative balance changes. Actual repayment allowances and charges depend on the plan, so these comparisons are not a personal recommendation.
Do I need to provide my personal details to see the results?
No. The calculator doesn't ask for your name, email address or telephone number, and its calculations take place in your browser. If you decide to request advice, you can contact Heathcote Financial Planning separately.
What could these figures mean for you?
The amount you could borrow is not necessarily the amount you should borrow. Perhaps a smaller amount, different mortgage or another route could meet your needs with fewer long-term compromises.
At Heathcote Financial Planning, we can help you compare the options, understand the figures and decide what questions to ask before making any commitment.
Book an initial conversation with Heathcote Financial PlanningImportant: This page and calculator provide illustrations only, not a mortgage offer or personal recommendation. Equity release and lifetime mortgages are not suitable for everyone. Interest can build up and reduce the value of your estate, and money released may affect means-tested benefits. Early repayment charges may be substantial. To understand the features and risks of a lifetime mortgage, request a personalised illustration and seek regulated financial advice. Your home may be repossessed if you do not keep up repayments on your mortgage.