Updated: April 13, 2023
Equity Release Calculator
Want to know how much capital you can unlock through equity release? Use our calculator and let us match you with your ideal advisor.
Author: Pete Mugleston - Mortgage Expert, MD
Updated: April 12, 2023
Equity Release Calculator
You can use our equity release calculator to work out how much capital you can release from your home. Simply enter your age and the property’s value and the tool will do the rest.
Maximum Equity you could release:
The amount is of your homes value, the maximum most borrowers your age can release.
Get Started with an Equity Release Specialist and find out exactly how much you could release.
The following topics are covered below...
Why use this equity release calculator?
You can use this calculator if you want an idea of the amount of capital you could release from your home through an equity release mortgage.
The results will be based on your age and the property’s value – you can play around with these variables to see how the maximum amount of equity you can access might change if you were to wait a few years, or if house prices change.
The main benefits of using an equity release calculator include…
- It can give you a good indication of how much equity you can release
- These calculations can then be compared with alternatives such as a RIO mortgage
- They can also be used for forward planning and budgeting
- Our calculator is free to use and no personal details need to be entered into it
As with any online calculator, this one offers rough estimates as a starting point. Keep in mind that these calculations are not bespoke to you and could benefit from additional context.
For bespoke calculations and personalised advice about what to do after you’ve crunched the numbers, speak to an independent equity release advisor.
Get Started with a Broker
Maximise your chance of approval with specialist advice from a mortgage expert
Will it work for a home reversion plan?
The calculations are broadly similar for a home reversion plan, but bear in mind that you cannot qualify for one if you are under the age of 60, and the maximum amount of capital you can receive is usually between 30% and 60% of your home’s market value.
While you can use this calculator for a very rough indication of the amount of equity you could release through this method, it’s worth noting that most experts do not recommend home reversion plans as they require the borrower to relinquish ownership of their property.
Most retirement mortgage advisors would urge homeowners to research lifetime mortgages and other alternatives before considering taking out a home reversion plan.
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How much equity you could release by remortgaging
One alternative to equity release is remortgaging your property to release equity. If this is an option you’re considering, you can use our calculator below to work out how much capital you could unlock when you refinance, as well as how your mortgage payments will change.
Our remortgage calculator can tell you what your new loan-to-value (LTV) ratio and repayments will be after you've remortgaged, with or without releasing equity from your property.
After you have remortgaged, your new LTV ratio will be and your new mortgage payments will be as indicated below…
New Monthly Repayments:
Get started with an expert broker to find out how much they can help you save on your remortgage.
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David was prompt helpful and thorough. Our case was particularly challenging and he still managed to secure a good deal for us!
Why use Online Money Advisor
After you’ve run some calculations, your next step should be to use our free advisor-matching service to be paired with an equity release specialist. They will be able to draw up bespoke calculations for you and offer personalised advice about what to do next.
With their knowledge and experience, you could get a better equity release deal, one that is the perfect fit for your needs and circumstances.
Call 0808 189 0463 or make an enquiry and we’ll match you with the right equity release advisor for personalised calculations and access to the best rates on the market today.
Ask Us A Question
We can help! We know everyone's circumstances are different, that's why we work with mortgage brokers who are experts in Equity Release Mortgages Ask us a question and we'll get the best expert to help.
Mortgage Expert, MD
About the author
Pete, an expert in all things mortgages, cut his teeth right in the middle of the credit crunch. With plenty of people needing help and few mortgage providers lending, Pete found great success in going the extra mile to find mortgages for people whom many others considered lost causes. The experience he gained, coupled with his love of helping people reach their goals, led him to establish Online Mortgage Advisor, with one clear vision – to help as many customers as possible get the right advice, regardless of need or background.
Pete’s presence in the industry as the ‘go-to’ for specialist finance continues to grow, and he is regularly cited in and writes for both local and national press, as well as trade publications, with a regular column in Mortgage Introducer and being the exclusive mortgage expert for LOVEMoney. Pete also writes for OMA of course!