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        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.

        Calculate My Equity Release

        No impact on your credit score

        Pete Mugleston

        Author: Pete Mugleston - Mortgage Expert, MD

        Updated: April 12, 2023

        An equity release agreement, such as a lifetime mortgage, allows you to unlock any capital you’ve built up in your property as a tax-free lump sum, instalments or a combination of these two options.

        You can use our calculator below to work out how much equity you can release.

        calculator icon

        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.


        Estimate if you're unsure
        £
        For joint applications the amount you can release is based on the age of the youngest applicant
        years old

        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.

        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.

        calculator icon

        Remortgage Calculator

        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.


        Estimate if exact value is unknown
        £
        Estimate if exact value is unknown
        £
        Amount must be less than property value
        Leave blank if no equity is being released
        £
        What will the new term length be after you've refinanced?
        years
        Keep in mind that this could change if your LTV rises
        %

        New LTV:

        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.

        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.

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        Pete Mugleston

        Pete Mugleston

        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!

        FCA Disclaimer

        *Based on our research, the content contained in this article is accurate as of the most recent time of writing. Lender criteria and policies change regularly so speak to one of the advisors we work with to confirm the most accurate up to date information. The information on the site is not tailored advice to each individual reader, and as such does not constitute financial advice. All advisors working with us are fully qualified to provide mortgage advice and work only for firms that are authorised and regulated by the Financial Conduct Authority. They will offer any advice specific to you and your needs.

        Some types of buy to let mortgages are not regulated by the FCA. Think carefully before securing other debts against your home. As a mortgage is secured against your home, it may be repossessed if you do not keep up with repayments on your mortgage. Equity released from your home will also be secured against it.