This free equity release calculator will help you estimate the tax-free cash you can release from your home. No personal details required and includes inheritance protection.
How does equity release work?
An equity release is a type of loan that is secured based on the value of your home. This allows you to unlock the equity that you have accumulated in your home. This equity can be paid in the form of a tax-free lump sum or payments. This equity can then be used to help you meet your financial goals such as making renovations, paying down high-interest debt or helping provide family members with an early inheritance.
What are the risks of equity release?
Is equity release a good idea?
How does the equity release calculator work?
This equity release calculator works by taking inputs releasted to the homeowners and their property value. The calculator is then able to determine the maximum amount of equity that can be released. The maximum amount of equity that can be released is impacted by the age of the youngest homeowner.
How much equity can i release from my home?
The amount of equity that you can release depends on the value of your property and the age of the youngest homeowner. The maximum loan-to-value (LTV) that you can release typically ranges from 29.6% to 58.4% of the market value of your home. Here is a table that breaks down the standard lone-to-value available at each age.
Example: How much could you release if you are 55 years old and have a property valued at £200,000? Using the table below we can see that the typical standard equity release loan-to-value available at age 55 is 29.60%. Since the value of the property in this example is £200,000 you would be able to release £59,200 in equity from the property.
Youngest Homeowner Age | Standard Equity Release |
---|---|
55 | 29.60% |
56 | 30.50% |
57 | 31.30% |
58 | 32.20% |
59 | 33.10% |
60 | 34.10% |
61 | 34.90% |
62 | 35.80% |
63 | 36.80% |
64 | 37.80% |
65 | 38.80% |
66 | 39.70% |
67 | 40.70% |
68 | 41.80% |
69 | 42.90% |
70 | 44.00% |
71 | 45.40% |
72 | 46.80% |
73 | 48.30% |
74 | 49.80% |
75 | 51.30% |
76 | 52.90% |
77 | 54.40% |
78 | 56.00% |
79 | 57.60% |
80 | 58.10% |
81 | 58.20% |
82 | 58.40% |
83 | 58.40% |
84 | 58.40% |
85 | 58.40% |
86 | 52.00% |
87 | 52.00% |
88 | 52.00% |
89 | 52.00% |
90 | 52.00% |
91 | 52.00% |
92 | 52.00% |
93 | 52.00% |
94 | 52.00% |
95 | 52.00% |
96 | 49.80% |
97 | 49.80% |
98 | 49.80% |
99 | 49.80% |
Equity release calculator with inheritance protection
Many equity release plans offer inheritance protection will allows you to set aside a portion of your propertys value for inheritance to ensure that your heirs receive money even if you borrow against your property with an equity release. It is important to know that inheritance protection may limit your overall borrowing limit that you are able to take out against your home.
Equity release calculator with no personal details
This equity release calculator does not require any personal details to be entered before use. It is free and there is no obligation for results to be displayed.
Mortgage Calculators
Check out our other mortgage calculators to help you make decisions related to mortgages and your home.
Buy-to-Let Mortgage Calculator Interest Only Mortgage Calculator Mortgage Overpayment Calculator