Equity Release Calculator
Easy to use with no personal details required
Our equity release calculator is super easy to use – and anonymous!
First, tell us your age. If you’re applying with someone else, just give us the age of the youngest person.
Then, let us know how much your property is roughly worth.
Easy peasy!
Equity release calculator
Try our free equity release calculator
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What affects the maximum amount you can release?
The maximum amount you can release through equity release depends on two key factors:
Your age
Generally, the older you are, the more you can release. Most providers set a minimum age of 55, and if you’re applying jointly, the youngest person must also meet this age requirement.
Your age heavily influences the maximum equity release amount you qualify for. For instance, in December 2023, release levels ranged from about 20% for a 55-year-old to around 50% for an 85-year-old.
However, these figures can vary between providers and may change over time.
Your property value
The value of your property also plays a significant role. Generally, the higher your property value, the more you can release.
Equity release lenders typically require properties to be valued at a minimum of £70,000, with some variations for specific property types like ex-council houses—additionally, the amount of equity you have in the property matters.
For example, if your property is valued at £300,000 and you have no outstanding mortgage, you’re likely to qualify for a higher release amount compared to someone who still owes £30,000 on their mortgage.
Keep in mind that each provider may have different criteria and guidelines, so it’s essential to consult with a financial advisor to fully understand your options.
What else could influence your maximum release?
Several factors may affect the amount of equity you can release beyond your age and property value:
Your health and lifestyle: Certain health conditions or lifestyle choices like smoking or drinking may enable you to release more equity. Some providers offer enhanced lifetime mortgages based on your health and lifestyle.
Property construction: Standard construction properties typically qualify for higher maximum releases than non-standard properties. Properties from brick or stone with a slate or tiled roof usually yield higher releases.
Property Location: Equity release availability varies across regions, impacting the amount you can release. Some areas have fewer providers and plans, affecting the options available. Additionally, property location within an area, like proximity to noisy areas, can influence the maximum release.
Second homes and buy-to-let properties: While equity release is primarily for primary residences, some lenders offer options for second homes or buy-to-let properties. However, the maximum release on these properties may be lower.
Joint vs. single plan: With joint plans, the release amount is based on the youngest applicant’s age, potentially resulting in a lower release amount than on a single-applicant basis.
Plan features: Different plans offer various features, such as early repayment waivers or inheritance protection guarantees, which may affect the maximum release.
Lodgers: Financial arrangements with someone living with you could restrict your equity release plan options, impacting the maximum release amount.
Interest rate: Opting for the maximum release typically results in a higher interest rate, while borrowing less may yield a lower rate.
Cashback: Some plans offer cash-back facilities, providing an additional lump sum that doesn’t accrue interest, potentially increasing the amount available for other purposes.
If you would like to use an equity release calculator that allows you to get a quote, then we recommend you visit Equity Release Wise.
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While we do not provide a quote or call-back service as our website is purely informational, we understand that some people do want an equity release quote.
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To find out how to get the best equity release quote read our guide
